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…

The tax implications of disability income benefits

August 13, 2024

Many Americans receive disability income. Are you one of them, or will you soon be? If so, you may ask: Is the income taxed and if it is, how? It…

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Do you owe estimated taxes? If so, when is the next one due?

August 9, 2024

Federal estimated tax payments are designed to ensure that certain individuals pay their fair share of taxes throughout the year. If you don’t have enough federal tax withheld from your…

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IRS ramps up compliance enforcement against certain businesses

August 6, 2024

The Inflation Reduction Act provided the IRS with billions of dollars of additional funding to reduce the so-called “tax gap” between what taxpayers owe and what they actually pay. The…

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IRS issues final regulations on inherited IRAs

July 30, 2024

The IRS has published new regulations relevant to taxpayers subject to the “10-year rule” for required minimum distributions (RMDs) from inherited IRAs or other defined contribution plans. The final regs,…

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Understanding FinCEN BOI Reporting: A Crucial Update for Business Owners

July 23, 2024

If you're a current business owner or planning to establish a company in 2024 or beyond, it's vital to understand the new FinCEN BOI reporting requirements. Here's everything you need…

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Planning your estate? Don’t overlook income taxes

July 11, 2024

The current estate tax exemption amount ($13.61 million in 2024) has led many people to feel they no longer need to be concerned about federal estate tax. Before 2011, a…

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