The sales tax holiday (August 5 – August 13) is designed to give back-to-school shoppers relief on items purchased for student use.
Author: admin
Where’s My IRS Refund?
Did you know the IRS provides a tool on their website that allows taxpayers to check their refund status? The good news is you don’t have to rely on your tax professional to access this information; you can access it directly yourself.
ESG and Small Businesses
Pick up just about any public company’s most recent annual report, and you’ll find a section on ESG (Environment, Social, and Governance) and the trend of not only considering, but also measuring a company’s sustainability performance on ESG issues has become key. A new generation of investors is driving this movement as they become more… Continue reading ESG and Small Businesses
Election Season Is Here! Watch Your Non-profit’s Activities
Many states have already held primary elections, and the airwaves are clogged with candidate ads. Yes, the November “mid-terms” election season has begun! So now is a good time to review political activity restrictions that affect Section 501(c)(3) organizations.
Online eLearning Company Stirs up the Computer Graphic Space…With Their Recipe for Success
Support Your Non-profit’s Financial Plans With Board Designations
The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some not-for-profits to make board designations of unrestricted assets. What are board designations, why are they worth considering and how does the process work?
Oversight and Controls Are Key To Limiting Fraud in Non-profits
Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on Occupational Fraud and Abuse. Of all the types of organizations surveyed by the ACFE, not-for-profits actually were the least likely to experience occupational fraud. However, non-profits also are generally the least likely to be able to… Continue reading Oversight and Controls Are Key To Limiting Fraud in Non-profits
How To Cut Costs Instead of Your Non-profit’s Staff
When the COVID-19 pandemic forced lockdowns in Spring 2020, many not-for-profit organizations initially resisted laying off employees. Retention tax credits provided under the CARES Act helped. But non-profits that are still struggling may think they have no choice but to cut compensation expenses, especially as high inflation increases the cost of other expenses.
Grocery Tax Suspension in Illinois
To help ease the impact of inflation, the State of Illinois will suspend the 1.00% tax on grocery items starting July 1, 2022 through June 30, 2023. This applies to all Illinois residents and there is no income requirement.
Creating Items and Jobs in QuickBooks, Part 1
Does your company do projects or jobs for customers? Let QuickBooks keep all related data in one place.