The Internal Revenue Service has announced Monday, January 26, 2026, as the opening of the nation’s 2026 filing season. But since key forms, such as W-2’s, aren’t due until a little later, you may not be able to file that
The time has come to get some money! To begin billing customers, you can create an invoice directly or start with a sales order. If you choose to use the sales order, you will need to “Create an Invoice” to
In general, explains the IRS, contributions to charitable organizations may be deducted up to 50 percent of adjusted gross income. Contributions to certain private foundations, veterans organizations, fraternal societies, and cemetery organizations are limited to 30 percent adjusted gross income, however. Yes, this can
When it comes to financial planning, few things are more important to a nonprofit than the creation of the budget. It’s how the board of directors and staff plan for income and expenses. Approval of the annual budget is a
Taxpayers who worried about the expiration of several tax cuts from the Tax Cuts and Jobs Act of 2017 can now breathe easier. The One Big Beautiful Bill Act made most of those provisions permanent, which provides more stability for
The OBBBA includes several provisions that affect how individuals can deduct charitable contributions on their federal income tax returns. These changes influence both annual tax filings and estate planning decisions. Perhaps the most significant update is that the OBBBA makes
When you buy your PC at a big-box or office supplies store, you generally get one with a single hard disk. In many cases, that’s fine, especially given the huge capacities that are now available. But there are advantages to
If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must do two things: Here are six things you should remember about donations and written acknowledgments: Of course, you also have to make sure
On the IRS’ annual list of scams that are on the rise, the “Dirty Dozen,” one especially odious item stands out: fake charities. According to the organization, bad actors will approach you for contributions using the phone, mail, email or
Charitable nonprofit organizations generally aren’t required to conduct independent audits. Certain circumstance, however, could trigger an independent audit. Many groups, such as the following, rate nonprofits and offer guidelines on when audits should be obtained: These groups are not regulating