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…
HR Q&A – Rules for Form I-9
Nonprofit Volunteers: Unpaid Employees or Independent Contractors?
Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as…
