When two people with children from previous relationships get married, they form a blended family. While this can create a unique and loving situation, it raises some complicated estate planning considerations. In this article, we discuss how to ensure that your stepchildren are included in your estate plan and how to make sure that your biological children are never left out.
Grooming future leaders and mapping out a succession plan in advance is one of the best ways to mitigate the risk of losing key personnel and prepare for the future needs and growth of an organization. This video offers tips and best practices for creating and implementing a succession plan for your nonprofit.
In February of 2022, the IRS and Treasury released proposed regulations that provide updated guidance for the SECURE Act of 2019, including significant changes for beneficiaries of inherited IRAs and 401(k) plans.
All too often, individuals pass away without leaving critical information such as financial accounts, legal documents, policies, and passwords. Learn how to create and what to include in a Legacy Binder for your loved ones.
A summary of important updates for determining deferred tax provision under ASC 740 for the quarter ending March 31, 2022.
If you provided anyone with a gift of more than $15,000 in 2021, you will need to file a Gift Tax Return. While most people
Securing in-kind donations is vital for any nonprofit or charitable organization, but just as important is accounting for them properly. In June 2020, the Financial
In July of 2021, Governor Newsom signed California Assembly Bill 150 into law, which is California’s solution to the SALT limitation.
A great way to reduce taxable income while saving for the future is by contributing to an Individual Retirement Account. Learn about IRAs including the deadline to contribute, limits and tax deductibility.
According to an article from CNBC, here’s what to know as taxpayer advocate warns of potential for refund delays. The upcoming tax-filing season is shaping up to be a chaotic one.
When it comes to running any organization, proper financial management is critical. One of the most important decisions you’ll make is if and when to hire a Chief Financial Officer. While many organizations may not be ready for a full-time CFO, they may significantly benefit from hiring an outsourced CFO.
Real estate owners who have purchased, constructed or renovated real estate should consider performing a cost segregation study to accelerate depreciation and defer income taxes. Watch now to learn more.