The House voted 218 to 214 on July 3 to approve the Senate-passed reconciliation bill, sending the sweeping tax bill…
Accounting Best Practices for Independent Schools: Safeguarding Financial Health—Even When School’s Out!
As the final bell rings and students head off for summer adventures, independent school leaders can finally take a well-earned…
My CPA says, ‘extend.’What does that mean to me?
*The federal filing deadline for 2024 individual returns will be April 15, 2025. The extension deadline for those returns is…
House Republicans Float Long List of Potential Tax Measures
Republicans in the U.S. House of Representatives Budget Committee recently circulated a draft list of policy options, some of which…
Navigating Federal Funding Freeze Uncertainty: What Organizations Need to Know and Do
In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause…
Required Minimum Distributions (“RMD”) for IRAs inherited in 2020-2024
We finally have long-awaited clarification on the requirement to withdraw minimum distributions from an inherited IRA as a follow-up to…
