YHB News

Feb

Mastering the Statement of Functional Expenses: Overcoming Common Challenges

The Statement of Functional Expenses (SFE) is a cornerstone of not-for-profit accounting, providing transparency and accountability to donors, stakeholders, and regulatory bodies. However, many organizations face challenges when preparing this…

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7 common M&A due diligence pitfalls

Beyond Boomers: How to engage younger…

Financial relief for families: The benefits…

How to get the financing your not-for-profit needs

November 16, 2023

Relatively high interest rates and tight lending standards are making it difficult for even for-profit businesses to apply and qualify for bank loans. But not-for-profits, which may lack adequate collateral…

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IRS Cracking Down on ERC Claims Offers Withdraw Options – What Should You Do?

November 14, 2023

The IRS has been cracking down on unethical practitioners who help their clients obtain Employee Retention Credit funds. Recently, the IRS put a freeze on processing all ERC claims until…

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Understanding the Corporate Transparency Act (CTA): Who’s In and Who’s Out

November 8, 2023

In an era where financial transparency is paramount, the Corporate Transparency Act (CTA) stands out as a significant legislative move. Enacted in 2021 as part of the National Defense Act…

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Facing a future emergency? Two new tax provisions may soon provide relief

November 1, 2023

Perhaps you’ve been in this situation before: You have a financial emergency and need to get your hands on some cash. You consider taking money out of a traditional IRA…

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IRS offers a withdrawal option to businesses that claimed ERTCs

October 31, 2023

Recent IRS warnings and announcements regarding the Employee Retention Tax Credit (ERTC) have raised some businesses’ concerns about the validity of their claims for this valuable, but complex, pandemic-related credit…

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Contributing to your employer’s 401(k) plan: How it works

October 31, 2023

If you’re fortunate to have an employer that offers a 401(k) plan, and you don’t contribute to it, you may wonder if you should participate. In general, it’s a great…

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