Monitoring the right financial ratios can help nonprofit leaders identify overspending, improve cash flow management, and detect potential fraud before it's too late. Learn which four critical metrics your organization should track regularly.

When we talk about gifting as part of a tax strategy, many people assume it's something only the ultra-wealthy need to worry about. But gifting is actually one of the simplest and most powerful financial planning tools available - and a thoughtful gifting strategy can make a meaningful difference for your family, both now and in the long run.

For most people, tax season brings a quiet panic about what they might be forgetting and a last-minute rush to pull everything together before the deadline. But it doesn't have to be that way. With just a little preparation, you can avoid surprises, minimize your tax bill, and make the entire process smoother for both you and your advisor.

Businesses must prepare 1099s for contractors and vendors by February 2, 2026. Understanding which forms to use and getting organized now can help you stay on track and avoid costly IRS penalties.

For many parents, providing financial security for their children is a top priority. But building that security involves more than funding college or opening a savings account. The real goal isn't just to transfer wealth - it's to prepare the next generation to manage, grow, and protect it.

A new IRS provision allows certain lenders to exclude 25% of interest income from loans secured by agricultural property, potentially saving thousands in taxes annually. The temporary guidance under Section 139L applies immediately to qualifying loans secured by farmland, livestock operations, and aquaculture facilities.

The IRS recently issued new guidance clarifying how the permanent 100% bonus depreciation deduction will work moving forward. This allows businesses to fully deduct the cost of qualified property in the year it's placed in service, rather than depreciating it over several years.

Trump Accounts are a new type of tax-advantaged retirement account for children, created under 2025 legislation and clarified by recent IRS guidance. While contributions can't begin until mid-2026, families can begin preparing now. This article explains what is currently known, what remains uncertain, and how Trump Accounts compare to other common savings tools like Roth IRAs and 529 plans.

For high-income professionals locked out of traditional Roth contributions, mega Roth conversions offer a powerful alternative. By contributing after-tax dollars to fill unused space under the $72,000 annual 401(k) limit and immediately converting them to Roth, eligible savers can funnel tens of thousands annually into tax-free growth.

Many nonprofit executives struggle with delegation, often trying to handle too much themselves. This leadership habit can limit staff development and stretch leaders too thin. The new year offers an ideal opportunity to reassess priorities, hand off appropriate tasks, and empower your team while focusing on mission-critical work.

Qualified charitable distributions allow seniors 70½ and older to transfer IRA funds directly to charity tax-free. Recent tax law changes have made QCDs even more advantageous, helping donors avoid income-based phaseouts, Medicare surcharges, and new charitable deduction limitations while satisfying required minimum distributions.

As scrutiny of nonprofit organizations intensifies, audits have become essential tools for financial transparency and accountability. Beyond assessing financial health, audits uncover operational vulnerabilities and demonstrate fiscal responsibility to donors and stakeholders. Understanding both internal and external audit processes helps nonprofits maintain trust and compliance.

Divorce raises critical questions about who can claim valuable child-related tax breaks. Understanding custodial parent rules, the noncustodial parent release option, and which benefits can be shared is essential for maximizing tax advantages and avoiding costly mistakes during negotiations.

Continuing care retirement communities offer varying levels of care but come with substantial costs. Learn how taxpayers who itemize may be able to deduct a portion of CCRC entry fees and monthly expenses as qualified medical expenses, potentially making these communities more affordable.

The FAFSA application for 2026-2027 is now available with significant enhancements. Recent legislation has simplified the process, expanded eligibility, and introduced new exemptions for family-owned business assets. Understanding these changes could help your family access more financial aid for college expenses.