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…

When inheriting money, be aware of “income in respect of a decedent” issues

March 15, 2022

Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those who inherit certain types of property, such as IRAs or…

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Lost your job? Here are the tax aspects of an employee termination

March 8, 2022

Despite the robust job market, there are still some people losing their jobs. If you’re laid off or terminated from employment, taxes are probably the last thing on your mind.…

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There still may be time to cut your tax bill with an IRA

March 2, 2022

If you’re getting ready to file your 2021 tax return, and your tax bill is more than you’d like, there might still be a way to lower it. If you’re…

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The IRS again eases Schedules K-2 and K-3 filing requirements for 2021

March 1, 2022

The IRS has announced additional relief for pass-through entities required to file two new tax forms — Schedules K-2 and K-3 — for the 2021 tax year. Certain domestic partnerships and…

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Virginia Governor Signs Tax Conformity

February 25, 2022

Fixed-date tax conformity in Virginia will move forward for 2022 after Governor Glenn Youngkin signed an emergency conformity legislation on February 23rd, 2022. This bill (HB 971) will ensure most…

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YHB leader Krystal McCants named in the Top Financial Advisors List

February 24, 2022

In the March issue of the Washingtonian, YHB Principal Krystal McCants is featured as one of DC’s Top Financial Advisors. The Washingtonian narrows down the list to just 375 winners…

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