Stay up to date on what's happening!

IRS: Things organizations should know about applying for tax-exempt status

  • May 25, 2022

To be tax-exempt under Section 501(c)(3) of the Internal Revenue Code, an organization must be organized and operated exclusively for any of these purposes: charitable, religious, educational, scientific, literary, testing for public safety, fostering national or international amateur sports competition, or preventing cruelty to children or animals. Continue Reading

How to Help Your Successor Succeed

  • May 24, 2022

Succession planning is a top priority for firm owners, whether you're five years from retirement or twenty-five years. If you decide to hire someone to take over your practice rather than going through with a merger, here are the steps to ensure they're ready to fill your shoes. Continue Reading

To Get Results, the Best Leaders Both Push and Pull Their Teams

  • May 24, 2022

To get results, managers needed to rely on “pull” — giving employees a say in how they carry a task out and using inspiration and motivation to get them going. But the most effective leaders also know how to “push” — drive for results by telling people what to do and holding them accountable. Continue Reading

Tax Podcast: What Qualifies as Alimony

  • May 23, 2022

This week's topics: Physician’s payments are found not to be deductible alimony under pre-TCJA divorce agreement; IRS announces option for employer leave-based donation programs related to aid for Ukraine; IRS extends, likely for the final time. option to remotely sign certain plan documents Continue Reading

How to Step Outside Your Tax-Focused Box

  • May 20, 2022

Some might argue that accountants have been told to prioritize technology if they want to achieve success, and that this has come at the expense of the people they work with. Here's why building the right team is crucial to offering non-tax advisory services to SMBs and stepping outside your box. Continue Reading