From a tax perspective, the distinction between hobbies and businesses is important because businesses can deduct losses, but hobbies cannot. The Tax Cuts and Jobs Act kept the itemized deductions […]
IRS Offers A Host Of Car Credits
Thinking of buying a new car in 2023? The IRS is on your side with some great credits, but you have to follow the strict conditions. Read below to see […]
What’s the Latest on the Federal Excise Tax?
The IRS explains that the excise tax is an indirect tax on specific goods, services, and activities. The federal government typically imposes an excise tax on the sale of things […]
The Top KPIs for Nonprofits
Keeping track of the right key performance indicators can give you a framework to measure the health and growth of your nonprofit over time. But nonprofits are idiosyncratic, and the […]
Nonprofit Organizations: The Various Flavors
When you apply at the IRS to become eligible as a nonprofit that doesn’t need to pay taxes, there are several important aspects to keep in mind. Although most types […]