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…

Navigating the Corporate Transparency Act (CTA): What You Need to Know

October 17, 2023

Key Takeaways: CTA and Financial Transparency: The Corporate Transparency Act (CTA) enacted in 2021 promotes financial transparency. It mandates specific entities to report Beneficial Ownership Information (BOI) to FinCEN, aiding…

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Investment swings: What’s the tax impact?

September 28, 2023

If your investments have fluctuated wildly this year, you may have already recognized some significant gains and losses. But nothing is decided tax-wise until year end when the final results…

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Evaluate whether a Health Savings Account is beneficial to you

September 28, 2023

With the escalating cost of health care, many people are looking for a more cost-effective way to pay for it. For eligible individuals, a Health Savings Account (HSA) offers a…

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IRS suspends processing of ERTC claims

September 28, 2023

In the face of a flood of illegitimate claims for the Employee Retention Tax Credit (ERTC), the IRS has imposed an immediate moratorium through at least the end of 2023…

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What are the tax implications of winning money or valuable prizes?

September 28, 2023

If you gamble or buy lottery tickets and you’re lucky enough to win, congratulations! After you celebrate, be aware that there are tax consequences attached to your good fortune. Winning…

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Navigating the Impending Changes: Federal Estate and Gift Tax Exemption Provisions to Sunset in 2025

September 27, 2023

The landscape of federal estate and gift taxes is poised for a significant change that could have major implications for individuals with substantial estates. The federal estate and gift tax…

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