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…

Maryland Pass-Through Entity Tax Updates: New Resources and Tools

October 31, 2024

As Maryland businesses continue to navigate tax As Maryland businesses continue to navigate tax compliance, the state is introducing an optional tool for managing estimated payments for pass-through entities (PTEs).…

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You don’t have to be in business to deduct certain vehicle expenses

October 29, 2024

When you think about tax deductions for vehicle-related expenses, business driving may come to mind. However, businesses aren’t the only taxpayers that can deduct driving expenses on their returns. Individuals…

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Maximize your year-end giving with gifts that offer tax benefits

October 23, 2024

As the end of the year approaches, many people start to think about their finances and tax strategies. One effective way to reduce potential estate taxes and show generosity to…

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What contractors should know about the IRA’s PWA requirements

October 9, 2024

In June 2024, the IRS released final regulations addressing the prevailing wage and apprenticeship (PWA) requirements for increased clean energy tax deduction or credit amounts. These tax breaks were made…

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QuickBooks Desktop Versions Are Being Discontinued – We Can Help!

September 26, 2024

As of September 30, 2024, Intuit will discontinue the sale of new QuickBooks Desktop subscriptions in the US. This change marks an important transition for many QuickBooks Desktop users as…

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Get the word out about IRA qualified charitable distributions

September 25, 2024

The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization — so long as donors know about them. You can encourage your…

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