Tax-Smart Options for Your Old Retirement Plan When You Change Jobs
There’s a lot to think about when you change jobs, and it’s easy for a 401(k) or other employer-sponsored retirement plan to get lost in the shuffle. But to keep […]
Why Good Governance Depends on an Effective Audit Committee
Unlike public companies, certain nonprofit boards in California aren’t required to have audit committees. So it’s not surprising that 42% of nonprofits don’t, according to Stanford Graduate School of Business’s […]
Avoiding UBIT…Follow the Rules for Corporate Sponsorships
Many nonprofits dream of landing hefty corporate sponsorships to help pay for the costs of a conference, fundraiser or other costly event. Money from deep pockets is optimal, but you […]
EEOC Considers Expanding Retaliation Protections
The U.S. Equal Employment Opportunity Commission (EEOC) recently released proposed guidance addressing retaliation under federal employment discrimination laws. Retaliation, the most frequently alleged type of charge filed with the EEOC, […]
Act Soon if You Want to Help Your Child Buy a Home
Mortgage interest rates are still at historically low levels, but they’re expected to go up by year end. So if you’ve been thinking about helping your child — or grandchild […]
The Way You Obtain Health Insurance Can Affect Your Tax Return
The Affordable Care Act has been in place a few years now, and you’ve probably noticed that the tax reporting you have to do on your personal return depends in part on […]
Can You Benefit from a Recent Court Decision?
Interpreting the tax code can be difficult, even for the IRS, and sometimes that means you can benefit. An example is the recent IRS acceptance of a court decision on […]
Tax Impact of Investor vs. Trader Status
If you invest, whether you’re considered an investor or a trader can have a significant impact on your tax bill. Do you know the difference? Investors Most people who trade […]
3 Keys to Strong Business Financials
Businesses fail for many reasons — dysfunctional management, insufficient working capital, insurmountable competition. Why they succeed, on the other hand, is often easily explained. Regardless of size and sector, most […]
To Deduct Business Losses, You May Have to Prove “Material Participation”
You can only deduct losses from an S corporation, partnership or LLC if you “materially participate” in the business. If you don’t, your losses are generally “passive” and can only […]