A recession can be challenging for any business. However, business owners can take steps to prepare for a recession and position their companies for growth as the economy recovers. In this video, we'll provide six tips to help you and your business prepare for a recession.
The IRS recently released new contribution limits for 2023 health savings accounts and excepted benefit health reimbursement arrangements and new requirements for qualifying high deductible health plans to reflect cost of living adjustments. Learn about the new limits and requirements in this article.
Parenting comes with many responsibilities, which include teaching children how to budget, save money, and make responsible financial decisions. In this video, we’ll cover six tips to help your children learn about saving, spending and investing.
Recent law changes (including those resulting from COVID-19) continue to add to an uncertain and complex tax world. With the Internal Revenue Service (IRS) contending with significant backlogs, taxpayers are often left struggling to find the help they need.
Many people are aware of the federal estate tax, but few realize that certain states also levy estate and inheritance taxes on the assets one leaves behind. Learn about which states impose taxes, what the tax rates are, and how they may affect your estate planning.
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.
Ransomware is a significant threat for business owners of any size, and the damages can be catastrophic. This video will explain what ransomware is and provide seven tips on protecting you and your company.
As use of cryptocurrency has been growing, many users aren't aware of the tax rules and regulations that govern cryptocurrency transactions. In this video, we'll explain how and when cryptocurrencies are taxed, as well as how to report transactions to the IRS.
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 won't owe any taxes on their gifts, it's important to understand the rules and make sure you're compliant. Learn how the gift tax works, about gift tax exemptions, and when you need to file a gift tax return.
College is a significant investment, whether you’re paying for your own education or a dependent’s. Thankfully, there are tax credits to help defray the costs. Learn about two available tax credits along with other tax savings for education.
Cash flow management is critical for any business or organization, especially those in growth mode. If your business has ongoing cash flow issues or if you suddenly find yourself short of cash, there are steps you can take to assess and improve the situation.
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.
Many financial experts tout the benefits of a Health Savings Account, or HSA, but many people are not familiar with how they work. In this article, we will provide an overview of HSAs, including how to use them, how they work, and why you might want one.
Securing in-kind donations is vital for any nonprofit or charitable organization, but just as important is accounting for them properly. Learn about properly reporting financial and nonfinancial donations in your financial statements.
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.
