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…

How construction business owners can make succession planning easier

July 9, 2024

Creating a comprehensive and actionable succession plan is rarely easy for business owners. It’s certainly a challenge for most contractors, who may find it difficult to step away from the…

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2024 E.L.I.T.E. Award Winners

July 8, 2024

Each year YHB staff nominate their peers to be recognized for their outstanding performance in 5 different categories. This is known to YHB as the E.L.I.T.E. Awards (Exceptional Leadership In…

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The tax consequences of selling mutual funds

June 13, 2024

Do you invest in mutual funds or are you interested in putting some money into them? If so, you’re part of a large group. According to the Investment Company Institute,…

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Why private foundations need to avoid self-dealing

June 13, 2024

If you’re a leader of a private foundation, you’re probably aware of the prohibition against self-dealing transactions between foundations and “disqualified persons.” But what constitutes self-dealing? And who exactly counts…

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Maximizing Tax Benefits with Pass-Through Entity Tax (PTET): A Guide for Virginia, Maryland, and West Virginia

June 12, 2024

Pass-Through Entity Tax (PTET) allows pass-through entities such as partnerships and S corporations to elect to pay state taxes at the entity level. This election can be beneficial as it…

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Construction business owners: Prepare now for possible tax law changes

June 12, 2024

The Tax Cuts and Jobs Act (TCJA) was signed into law in 2017 and generally took effect at the start of 2018. It brought sweeping changes to various aspects of…

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