Form 990: Expanded Compensation Reporting

As a nonprofit organization, you are probably already aware of the heightened public scrutiny imposed upon such organizations due to reports of grossly excessive compensation received by nonprofit management officials. To address concerns, the IRS has revised and expanded the reporting of compensation and benefits in the Form 990, Return of Organization Exempt From Income… Continue reading Form 990: Expanded Compensation Reporting

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What Are the Retirement Contribution Limits for 2020?

As the new year approaches, now is a great time to familiarize yourself with retirement contribution limits. Whether you’re contributing to a traditional, SEP IRA or Roth IRA, it’s important to know how these contribution limits could affect your retirement planning.