In high-stakes legal disputes, credible financial projections are crucial for calculating damages. The case of Endless River Technologies v. TransUnion highlights the importance of rigorously supported forecasts, emphasizing that speculative assumptions can lead to overturned judgments. Discover the key lessons for creating defensible financial models that withstand judicial scrutiny.

Employers are increasingly turning to Dependent Care Flexible Spending Accounts (FSAs) to support employees juggling work and caregiving. These accounts allow pre-tax contributions to cover childcare and dependent care costs, offering financial relief and boosting job satisfaction. Discover how Dependent Care FSAs can enhance employee engagement and retention while reducing payroll taxes for both employers and employees in a family-friendly work environment.

Navigate the complex regulations surrounding employee benefit plans with insights into why compliance is crucial and how agencies like the IRS and DOL ensure participant protection. Discover common pitfalls that can jeopardize a plan’s status and learn about key correction programs to maintain compliance and avoid costly audits. This article serves as a guide for employers to safeguard their retirement plans and preserve the trust of their employees.

Older adults are increasingly targeted by scammers using sophisticated and deceptive methods to exploit them. This article uncovers common scams and offers practical advice to help seniors identify red flags, safeguard their assets, and maintain peace of mind. Stay informed and protect your loved ones from these insidious threats.

The SECURE 2.0 Act unlocks a compelling new option for families with unused 529 plan funds, allowing them to be rolled over into a Roth IRA for tax-free growth. Discover how this legislative change can transform leftover education savings into future retirement assets, and learn about the eligibility requirements and strategies to maximize this opportunity. Ready to future-proof your finances? Dive into the full article for all the insights.

Effective timekeeping is vital for nonprofits, ensuring compliance with legal standards, enhancing financial transparency, and optimizing resource allocation. By tracking staff and volunteer hours accurately, nonprofits can meet funder requirements and manage payroll efficiently. Dive into our guide to discover how robust timekeeping practices can bolster your organization's credibility and operational success.

Nonprofit organizations hold a significant responsibility to protect the sensitive data of their donors, staff, and communities. This article explores essential strategies for strengthening data security, from conducting thorough assessments and enhancing cybersecurity measures to creating transparent donor policies and ensuring compliance with legal obligations. Discover how prioritizing privacy can build trust and support a nonprofit's mission-driven work.

Nonprofits face the challenge of balancing mission-driven work with administrative tasks, often leading to inefficiencies. Partnering with an Association Management Company (AMC) offers a solution by outsourcing operational duties, freeing up staff resources for core objectives. Discover how AMCs can streamline your nonprofit's operations, helping you focus on what truly matters.

Internships at nonprofits offer dynamic opportunities for both organizations and young professionals, enhancing mission-critical work while cultivating future talent. This guide delves into the strategic advantages and challenges of nonprofit internships, including compensation considerations and legal compliance. Discover how to build a program that not only attracts passionate interns but also fosters long-term success for your organization.

Succession planning is crucial for nonprofit stability, ensuring that leadership changes, whether sudden or planned, don't disrupt operations or mission fulfillment. This article explores three key approaches: Strategic Leader Development, Emergency Succession Plans, and Defined Departure Strategies, which together prepare organizations for seamless transitions. Discover how proactive planning can preserve trust and sustain impact in any nonprofit setting.

Effective board governance is vital for a nonprofit's mission, ensuring decisions support sustainability and public trust. This article explores key governance elements, such as establishing a clear governance framework, understanding fiduciary duties, and the importance of professional support, empowering nonprofits to thrive and make a lasting impact.

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Navigating the intricacies of self-employment taxes can be daunting, especially when it comes to correctly classifying income. A recent U.S. Tax Court case highlights the potential pitfalls and penalties of misclassification, emphasizing the importance of proper tax reporting for freelancers and small business owners. Discover key distinctions, common errors, and best practices to protect yourself from costly mistakes.

For shareholders in closely held corporations, stock redemption serves strategic purposes like facilitating ownership transitions and offering liquidity. With potential tax changes looming post-2025, understanding the nuances between corporate distribution and stock sale treatment is crucial. Engage with advisors now to optimize outcomes and capitalize on historically low tax rates.