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…

Read Article

7 common M&A due diligence pitfalls

Beyond Boomers: How to engage younger…

Financial relief for families: The benefits…

IRS Reporting Requirements for 2024 Partnership Interest Transfers: What You Need to Know

December 3, 2024

As the year is ending, we want to remind clients of an IRS reporting requirement for partnerships to address tax avoidance strategies involving the transfer of partnership interests. This reporting…

Read Article

How do auditors verify account balances and transactions?

December 3, 2024

Audit season is just around the corner for calendar-year entities. Understanding the types of source documents your audit team might request can minimize disruptions during audit fieldwork and maximize your…

Read Article

Federal court rules against DOL’s “white collar” overtime rule

November 28, 2024

A federal district court judge has struck down the Biden administration’s new rule regarding the salary threshold for determining whether certain employees are exempt from federal overtime pay requirements. The…

Read Article

How inflation will affect your 2024 and 2025 tax bills

November 28, 2024

Inflation can have a significant impact on federal tax breaks. While recent inflation has come down since its peak in 2022, some tax amounts will still increase for 2025. The…

Read Article

Businesses can still cut their 2024 taxes

November 22, 2024

President-Elect Trump will take power early next year along with a unified GOP Congress. However, it’s still unknown how the tax landscape will change in the coming years. The good…

Read Article

Get tax breaks for energy-saving purchases this year because they may disappear

November 19, 2024

The Inflation Reduction Act (IRA), enacted in 2022, created several tax credits aimed at promoting clean energy. You may want to take advantage of them before it’s too late. On the…

Read Article

Let's Talk

1100 Sunset Lane Suite 1310 P.O. Box 1507

Culpeper, VA 22701

3110 Fairview Park Dr,
Suite 1100,
Falls Church, VA 22042

923 Maple Grove Drive,
Suite 207,
Fredericksburg, VA 22407

608 South King Street Suite 200
P.O. Box 3307
Leesburg, VA 20177

4423 Pheasant Ridge Road,
Suite 115
Roanoke, VA 24014

160 Exeter Drive, Suite 200
Winchester, VA, United States

6 South Pendleton Street,
Middleburg, VA, United States

10451 Mill Run Circle, Suite 800,
Owings Mills, MD 21117

9954 Mayland Drive,
Richmond, VA, United States

702 King Farm Blvd., Suite 610
Rockville, MD 20850