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…
HR Q&A – Rules for Form I-9
Tis the Season for a Roth IRA Conversion
November and December are often the months of the year when people do a Roth IRA conversion. Before we get into…
Expense Allocation in Managing a Non-Profit Organization
Expense allocation is a crucial aspect of managing a non-profit organization. Proper allocation ensures that resources are used efficiently and…
