The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several changes that encourage charitable giving during the coronavirus (COVID-19) crisis. This is welcome...
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COVID-19 Pandemic Poses Complex HR Policy Questions
Questions from employers and employees about coronavirus (COVID-19) pandemic are multiplying almost as fast as the virus itself. Employers need to rely on a combination of...
Making Large Gifts Won’t Harm Estates After 2025
In late 2019, the Internal Revenue Service (IRS) and Treasury Department issued a final answer to the question of whether large gifts made between December 31, 2017, and January...
Nonprofits Turn Focus to Major Donors
The nonprofit sector is facing a severe departure from the boom of the last decade. Predictions place numerous risks at the feet of fundraisers. From the increased privatization...
3 Ways Nonprofits Can Harness Blockchain Technology
Nonprofits do not tend to shy away from technology; in fact, more and more nonprofits are embracing it. For example, TED shares ideas with the world through digital technology,...
2020 Standard Mileage Rates Announced for Business, Charitable, Medical, and Moving Purposes
The Internal Revenue Service recently issued the 2020 optional standard mileage rates. These rates, which adjust every year to account for inflation of fuel costs, vehicle cost...
Should You Extend Your 2019 Tax Return?
Roughly 15 million individual taxpayers filed for an automatic six-month extension for the 2018 tax year, according to the IRS, compared with about 10 million people in...
Phantom Stock Could Help Grow Your Business for the Long Term
Most business owners have immediate goals for generating a respectable income and long-term goals of retiring to a comfortable, secure lifestyle. To accomplish the latter, you'll...
How Industry Fits Into the Valuation Puzzle
IRS Revenue Ruling 59-60 is an essential building block of modern appraisal practice. It identifies "the condition and outlook of the specific industry" as one of the...
Five Payroll Tax Developments for 2020
Along with a new year comes new payroll rules. Here are five highlights: 1. Significant revisions have been made to Form W-4.The IRS redesigned Form W-4, beginning with the 2020...
