The IRS has renewed its focus on conservation easements, rolling out updated guidance on abusive transactions and a new settlement initiative for disputed partnership cases. With strict deadlines, significant penalties, and limited eligibility, affected taxpayers need to act quickly and carefully. Here is what you need to know.

The IRS draws a sharp line between a hobby and a business, and the consequences for taxpayers on the wrong side of that line have never been steeper. Learn what the current rules mean for your money-losing sideline activity, how safe-harbor provisions may apply, and what steps you can take to demonstrate a legitimate profit motive.

Section 530A accounts, nicknamed "Trump accounts," officially opened for contributions on July 4, 2026. New IRS guidance offers a safe harbor that may eliminate the need to file a gift tax return when contributing -- but only if specific conditions are met. Here's what families and their advisors need to know.

A cash flow statement is one of the most powerful tools in your financial toolkit, yet many business owners overlook what it can reveal. From identifying cash crunches before they happen to building credibility with lenders, understanding your cash flow can be the difference between a thriving business and a struggling one.

Think a Roth IRA is out of reach because you're self-employed and earn too much? Think again. This article explores two common misconceptions that may be keeping self-employed individuals from one of the most powerful tax-free retirement savings tools available, and why contributing to both a Roth IRA and a deductible retirement plan may be the smartest move you can make.

Nonprofit organizations face a wide range of risks that could threaten their mission and financial stability. From general liability and workers' compensation to cyber insurance and directors and officers coverage, understanding which policies your organization truly needs requires careful planning and a clear-eyed look at your actual exposures.

Nonprofit board members come from all walks of life and often lack accounting backgrounds. That is actually by design. But when it comes to financial oversight, the way data is presented matters. Learn how to use visual tools, key ratios, and clear reporting strategies to help your board stay informed and engaged.

Giving circles are collaborative groups that pool charitable contributions and collectively decide which organizations to fund. They are growing in popularity and funding power across the U.S. For nonprofits, cultivating relationships with these groups can open doors to diversified funding, passionate advocates, and donors who give more to a wider range of causes.

Nonprofit mergers can strengthen revenue streams, expand mission impact, and improve operational efficiency, but they also come with significant risks. Before moving forward, organizations need to carefully weigh donor restrictions, workforce changes, unexpected costs, and succession planning to ensure the merger delivers the long-term benefits they are seeking.

Nonprofits plan for natural disasters, but what about harassment allegations, embezzlement, or a damaging social media post? Reputational crises can be just as destructive as physical ones. Knowing how to identify your risks, build a response team, and communicate with transparency can make all the difference when a crisis strikes.

Paying nonprofit board members is legal in most cases and may even make strategic sense. But it comes with real trade-offs, including donor perception concerns and strict IRS requirements. Before your organization takes this step, it is important to weigh the pros and cons carefully and ensure full compliance.

The CAS Board rescinded CAS 404, 408, 409, and 411, conforming them to GAAP effective August 7, 2026. Here's what it means for government contractors.

Ready for your SOC 2 audit? This readiness assessment checklist walks through scope, controls, evidence, and the auditor's role, step-by-step.

Colorado and California will tax remotely accessed software and SaaS in 2027. Learn how these sales tax changes may affect your business and how to prepare.

The One Big Beautiful Bill Act changed how nonprofits give incentives, compensation rules, and endowment taxes. Learn what changed and strategies to adapt.