Nonprofit organizations play a vital role in society by addressing various social, cultural, and environmental needs. To effectively manage their…
Key 2024 Tax Updates: What You Need to Know Before Filing
With the 2024 tax season just around the corner, there are some important updates you need to know about. Staying…
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…
UBIT Triggers for Nonprofit Organizations
Nonprofits must be diligent in identifying potential UBIT-triggering activities and understanding how these activities align or conflict with their tax-exempt…
What is UNICAP? Section 263A Explained
What is UNICAP? UNICAP is an IRS tax treatment rule. It is also considered an IRS accounting method, but…
