2020 Mid-Year Tax Planning Tips
Although the deadline for filing 2019 taxes may have just passed in July, it's already time to think about your 2020 taxes. By looking at your tax situation now, you’ll be able to better plan and implement strategies to minimize your future tax liabilities.
Webinar: Financial Visualization and Grant Reporting
Nonprofit Webinar Series On-Demand Recording: Financial Visualization and Grant Reporting Recorded on September 17, 2020, 2:00 PM to 2:30 PM [...]
Donor-Advised Funds: Giving with a Tax Advantage
If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
Final regulations address issues for former S corporations
The IRS released final regulations affecting S corporations that revoked their status in response to TCJA and lower C corporation tax rates.
IRS permits e-signatures for additional forms
The IRS expanded its previous temporary authorization of e-signatures to an additional 7 forms in response to the COVID-19 pandemic.
A properly and timely e-filed tax return triggers limitation statute
Tax Court ruled rejected e-filing triggered three-year limitation statute despite omission of taxpayer’s personal identification number.
Client Spotlight: Boys & Girls Clubs of Rochester
Dwayne Mahoney, Executive Director of the Boys & Girls Clubs of Rochester discusses the organization and its needs, [...]
Interview: The First Year in Public Accounting
The first year in public accounting is a big transition, moving from an academic environment to a corporate one, and [...]
How to Make Job Interviews Matter
According to the Society for Human Resource Management, it takes an average of 42 days and over $4,100 for companies [...]
Benefits of a Fractional CFO
As your company grows, the need for greater experience and more sophistication in accounting and finance will also grow. If your company is facing the question of whether or not to hire a full-time CFO, you might want to consider a fractional CFO instead. In this video, we explore the benefits of having a fractional CFO.
Should you suspend matching or nondiscretionary contributions?
Employer contributions to participant 401(k) plan accounts are typically high on the list of expense-cutting options when times are tough. [...]
LLC vs S-Corp: What’s the Difference?
If you're starting or have already started your own business, you've probably heard about the advantages of incorporation. In this video, you'll learn the differences between an LLC and S-Corp, and how both can be used together. We'll also cover the benefits and tax implications of each.
Protect Your Business From COVID-19 Scams
Protect Your Business From COVID-19 Scams Small Business Administration grapples with fraudulent loan applications Financial institutions are raising red flags [...]
Get to Know Your Functional Expenses by Area
Get to Know Your Functional Expenses by Area Nonprofit organizations have to do more than simply report their expenses—if only [...]
5 Tips to Hire the Right Person for the Job
"Hire the right person." It has never been easy, and it’s only getting more difficult. During the pandemic, most interviews [...]
Use Custom Dashboards to Track KPIs
Keeping an eye on key performance indicators (KPIs) is a must for every small business. But finding time to closely [...]
8/8/20 Executive Order: Payroll Tax Deferral
On August 8, 2020, President Trump signed an executive order directing the Secretary of the Treasury to permit employers to defer certain payroll tax obligations. Watch now to learn about the Order and the payroll tax deferrals.
10 Tips for Managing a Remote Workforce
The spread of the Coronavirus has caused many companies to have employees work remotely. Here's a great video to help you with managing a remote workforce.
Coronavirus: Recent developments in financial reporting considerations
We have updated our white paper to address certain recent financial reporting developments related to the coronavirus.
Adapting your nonprofit’s business model to the new marketplace
Listen to RSM professionals as they discuss strategies nonprofit organizations can use to adapt in this new virtual environment.