The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain […]
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HR Basics for Nonprofits
When you manage a nonprofit, spending money is always an issue. After all, your company is funded by grants and donations, many of which have strings attached. It’s your obligation […]
Getting a Handle on Fiduciary Responsibility and Risk Management
One of the main responsibilities of nonprofit board members is to maintain financial accountability. Board members act as trustees of assets and, therefore, must exercise due diligence to make sure […]
How Do You Claim the Mortgage Interest Tax Deduction?
When you make your mortgage payment each month, a portion of your dollars will go toward paying down your loan’s principal balance. But a good chunk of your payment will […]
Deciding When To Take Social Security Benefits
How does the Social Security system work, and how do you decide what’s right for you? Well, receiving benefits is an option available to you as early as age 62, […]