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 […]
Taxable and Nontaxable Employee Benefits
As the unemployment rate falls from its 2020 high, employees are switching jobs in record numbers. The new stability in the economy means workers have more leeway to shop around […]
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 […]