If you’re starting up a new 501(c)(3) not-for-profit organization, you likely face many decisions. One of them is which form to use when applying to the IRS for recognition of…
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As businesses wrap up their year-end payroll processes, it's crucial to address new tax reporting requirements. The IRS Form 7206 introduces changes for reporting self-employed health insurance premiums paid on…
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We’ve published a lot of news in 2024, but a few posts seem to be exceptionally popular! Here’s a review of our top blog posts that received the most attention…
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Owners’ equity is the difference between the assets and liabilities reported on your company’s balance sheet. It’s generally composed of two pieces: capital contributions and retained earnings. The former represents…
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New beneficial ownership information (BOI) reporting requirements that many small businesses were required to comply with by January 1, 2025, have been suspended nationwide under a new court ruling. However, businesses…
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You’ve probably collaborated with other not-for-profits that share your space — maybe on a special event or fundraising campaign. Some organizations go further with formal strategic partnerships that involve sharing…
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