Nonprofits are an important part of our communities, providing services to the general public and helping boost our local economies. However, they do have special tax considerations that can impact their financial status and operations. Nonprofits can be impacted by a variety of taxes, including unrelated business income tax (UBIT), real estate tax, and revocation of

If you’re preparing your 2022 tax return, there are some important updates you need to know. These changes will impact your tax bill and help you get back the most money possible. The Child Tax Credit Ends The Child Tax Credit, a popular federal policy that helps millions of parents offset the cost of raising

If you are a self-employed entrepreneur, you may be considering becoming an S corporation. S-Corps enjoy pass-through taxation, meaning that their profits are not taxed twice. However, this advantage isn’t as simple as it sounds. In order to take full advantage of these advantages, your business must first properly run payroll and accurately report profits