When financial challenges arise, nonprofits must find innovative ways to preserve their core teams without sacrificing mission-critical programs. Discover strategies for adjusting compensation, embracing remote work, and optimizing resources, ensuring the community continues to benefit from invaluable services.

Nonprofit organizations depend on astute financial management to ensure their missions thrive. As a board member, detecting early signs of financial distress—from inadequate budgeting to executive overreach—is crucial in safeguarding your organization's future. Discover key strategies to maintain fiscal discipline and build trust with stakeholders in this insightful guide.

Nonprofit organizations thrive when staff and board members clearly understand their roles. This article explores strategies for defining responsibilities within nonprofits to boost efficiency and collaboration, ultimately advancing their mission. Discover how clear role boundaries can prevent conflicts and foster a culture of mutual support and innovation.

Vasquez + Company LLP presented part 2 of our executive orders webinar series on federal grant compliance. This session was designed to equip government and nonprofit leaders with the knowledge and strategies needed to confidently manage federal funding.

Navigating federal tax season can be daunting, but understanding key strategies and recent legislative changes can turn it into a smoother experience. From optimizing retirement contributions and deciding the best filing status to safeguarding against scams and utilizing new disaster-relief measures, gaining knowledge in these areas may enhance your tax outcomes and secure peace of mind. Dive deeper to discover how to make the most of your tax opportunities while safeguarding your rights.

Unravel common federal tax myths that could be costing you money or exposing you to unnecessary risks. From the misperceptions about filing extensions and home office deductions to the fallacies surrounding gifting and business expense claims, this article sheds light on what you need to know to navigate tax season wisely. Equip yourself with knowledge to optimize your tax position and avoid costly mistakes.

Understanding when your business may unintentionally qualify as a partnership for federal tax purposes is crucial to avoiding unexpected liabilities. This article explores how the IRS determines partnership status and offers strategies to prevent surprise tax obligations. Dive in to learn about opting out of partnership status and the potential consequences if you do not.

In the intricate process of dividing a business during divorce, handling goodwill is crucial. This article delves into the Multi-Attribute Utility Model (MUM) to clarify the division between personal and enterprise goodwill, offering a structured, transparent approach that aids fair settlements. Discover how this methodology ensures balanced valuations and reduces legal conflicts.

In today's competitive job market, providing student loan repayment benefits can set an organization apart as an employer of choice. This forward-thinking approach not only eases employees' financial burdens but also enhances retention by showing true commitment to their financial wellness. Discover how the SECURE 2.0 Act is transforming this landscape and how your organization can integrate these benefits effectively.

In 2015, a lesser-known provision of the FAST Act enabled the IRS to flag taxpayers with significant debts, potentially risking their passport privileges. Discover how to navigate these regulations, understand what qualifies as “seriously delinquent,” and learn about the options available to protect your international travel plans.