Insights
Maximize Your Gift Tax Annual Exclusion
The gift tax annual exclusion lets you give up to $19,000 per recipient in 2025 (and 2026) tax-free, helping reduce your estate tax liability. Married couples can double this amount through split gifts, but remember the deadline is December 31 and certain gifts require IRS reporting.
Read MoreIndependent Contractor Status in Nonprofit Organizations
Correctly classifying workers as employees or independent contractors is critical for nonprofits. While contractors can reduce costs and administrative burdens, misclassification can lead to significant financial penalties, back taxes, and compliance issues.
Read MoreUnderstanding the 2024 Yellow Book Update
Mark your calendars; the long-awaited revisions to the 2018 Yellow Book will take effect December 15, 2025. The changes were released in early 2024, but soon they will be the standard that government auditing is held to.
Read More2025 Year-End Tax Planning Guide for Businesses – Private Companies
Proactive planning is essential for private companies in the year-end planning period. Understanding evolving tax regulations is essential in order to optimize cash flow, mitigate risk, and position companies for the year ahead.
Read More2025 Year-End Tax Planning Guide for Businesses – Public Companies
As public companies prepare for year-end, a proactive and integrated tax strategy is essential for optimizing cash flow, reducing risk, and ensuring transparent financial communication with stakeholders. This guide highlights key areas that corporate tax and finance leaders should evaluate before the close of the fiscal year.
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