Charitable donations can provide tax benefits, but only if they meet strict IRS substantiation requirements. Cash and noncash gifts require specific documentation, and higher-value contributions may involve additional forms or appraisals.
Read MoreDevelopment directors can boost recruitment by using social media platforms, mapping neighborhood resources, showcasing real volunteer stories, and creating easy pathways to get involved. Continued efforts during the holiday season can turn short-term volunteers into long-term supporters, building a sustainable network for your mission.
Read MoreThe IRS has released the 2025–2026 per diem rates for business travel, effective October 1, 2025. These rates simplify expense reimbursements by providing fixed daily amounts for lodging, meals, and incidentals based on whether the destination is a high-cost or low-cost area.
Read MoreBeneficiary designations can override your will or trust, potentially disrupting your estate plan and causing unintended consequences. By naming both primary and contingent beneficiaries, updating them as life changes, and considering government benefit implications, you can ensure your assets are distributed according to your wishes and avoid unnecessary legal or financial complications.
Read MoreNonprofits occasionally receive donations of tangible property such as real estate, jewelry, or business inventory. What's important about these donations, is knowing how to value these gifts for compliance and accurate reporting.
Read MoreThinking about guaranteeing a loan for your closely held corporation? Learn the tax implications, including business vs.
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