Protecting Nonprofit Integrity: Strategies to Safeguard Against Fraud Risks
The CPA Desk
by Nicole Riley, CPA, CFE
5h ago
According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly half the median loss per fraud scheme of for-profit businesses ..read more
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Taxes When You Sell an Appreciated Vacation Home
The CPA Desk
by Renee Kroesch
3d ago
Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios to illustrate the federal income ..read more
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Bartering Is a Taxable Transaction Even if No Cash Is Exchanged
The CPA Desk
by Ryan Yarmolich
1w ago
If your small business is strapped for cash (or likes to save money), you may find it beneficial to barter or trade for goods and services. Bartering isn’t new ..read more
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Beware of a Stealth Tax on Social Security Benefits
The CPA Desk
by Jim Streets
2w ago
Some people mistakenly believe that Social Security benefits are always free from federal income tax. Unfortunately, that’s often not the case. In fact, depending on how much overall income you ..read more
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Essential Updates on Retirement Account Required Minimum Distributions
The CPA Desk
by Fatima Chase
2w ago
If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required minimum distribution (RMD) rules after reaching a certain age. If ..read more
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Nonprofits: Take Another Look at Inflation Reduction Act Tax Breaks
The CPA Desk
by Emily Smikal
3w ago
When the Inflation Reduction Act (IRA) became law in late 2022, you might have assumed that the tax breaks it contained wouldn’t affect your tax-exempt organization. That’s not the case ..read more
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Keep These 3 Issues in Mind After You File Your Tax Return
The CPA Desk
by Rafael Carsalade
3w ago
The tax filing deadline for 2023 tax returns is April 15 this year. If you need more time, you can file for an extension until October 15. In either case ..read more
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New Option for Unused Funds in a 529 College Savings Plan
The CPA Desk
by Keith Bateman
1M ago
With the high cost of college, many parents begin saving with 529 college savings plans when their children are babies. Contributions to these plans aren’t tax deductible, but they grow ..read more
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The Power of Profits Interest in Partnerships
The CPA Desk
by PKF Texas
1M ago
Join Jen Lemanski and Chris Dodd, CPA, Tax Director, as they discuss the potent role of profits interests in maximizing employee loyalty within partnerships. Explore how profits interest not only ..read more
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Beyond Unemployment: Navigating Tax Consequences Amid Job Loss
The CPA Desk
by Eli Pando
1M ago
Unemployment has been holding steady recently at 3.7%. But there are still some people losing their jobs — particularly in certain industries including technology and media. If you’re laid off ..read more
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