Insights & Updates

Charitable Giving Under the CARES ACT

On March 27, 2020, the CARES ACT (Coronavirus Aid, Relief and Economic Security) was enacted. The Act includes provisions to encourage immediate action by donors to Section 501(c)(3) charitable organizations. These provisions are for the 2020 tax year only. For donors who no longer itemize their deductions (for example, retirees who have moved into a…

Read more

Small Business Relief Opportunities

We understand that there has been much media coverage of various government subsidies and concessions now available to small businesses to relieve the economic impacts of the COVID-19 crisis. To help you navigate what is available and whether it makes sense for your business to apply for any of these programs, we offer the following…

Read more

To Give or Not to Give, Part 2

Recently, Izabela Poludniak, a senior audit manager here at Sassetti LLC, put out a great blog post which delves deeply into the subject of how donors can be more conscious of where they direct their charitable dollars. I highly encourage you to go back and read her post. For part 2, I’d like to focus…

Read more

To Give or Not to Give

One of the first things I learned when I started my career in accounting is that numbers don’t lie. But they also don’t tell the whole story. In the case of a for-profit business, years of losses can speak to years of inefficiencies, OR years of research and innovation that will yield exponentially larger future…

Read more