The deadline for most not-for-profits to file Form 990 with the IRS (May 15, 2024) has come and gone. Assuming your organization operates on a calendar-year tax basis and filed its Form 990…
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As a business operating in Washington, D.C. with significant revenue, it's important to stay informed about local tax obligations, including the DC Ballpark Fee. This fee impacts businesses that meet…
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The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is…
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Accurate bookkeeping is essential to operating a successful small business. The problems created by inadequate bookkeeping practices can have significant, long-lasting consequences. Here are four common pitfalls — and how…
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The U.S. Department of Labor (DOL) has issued a new final rule regarding the salary threshold for determining whether employees are exempt from federal overtime pay requirements. The threshold is…
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Introduction to COVID-Related Tax Benefits As we continue to address the challenges posed by the COVID-19 pandemic, Congress introduced a tax credit to help self-employed individuals to receive sick and…
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