Insights

Explore proactive strategies on how to navigate the proposed changes to federal grant rules for your nonprofit.

Nonprofit grants management best practices for stronger controls, cleaner reporting, and reduced compliance risk across the grant life cycle.

When a closely held business is part of a marital estate, goodwill can be one of the most disputed assets in a divorce. But not all goodwill is treated equally – and the distinction between business goodwill and personal goodwill can significantly affect how assets are divided under the law.

If you split your time between two or more states, you may be surprised to learn that multiple states can legally tax the same income. The distinction between domicile and residency is critical, and the rules are not always straightforward. Understanding your exposure is the first step toward minimizing unnecessary taxes.

The DOL’s 2024 overtime rule raised FLSA salary thresholds before courts struck it down. Now rescinded, the prior regulatory framework is restored. But employers should not treat this as a green light to overlook overtime compliance. Exempt classifications, duties tests, and state wage laws all still require careful attention.

A recent federal court decision, Kwong v. United States, has created a potential refund and abatement opportunity for taxpayers who were assessed IRS penalties or interest on federal tax obligations during the COVID-19 federal disaster period (January 20, 2020 through July 10, 2023). The decision remains unsettled, as the government has appealed, but many affected taxpayers cannot wait for the outcome: a formal refund claim or protective refund claim may need to be filed by July 10, 2026 to preserve their rights.

Roth IRAs have been around since 1998, yet many investors still aren’t sure how they compare to traditional IRAs or whether they might be the better option. From tax-free qualified distributions to no required minimum distributions after age 73, a Roth IRA offers distinct advantages worth exploring before you decide.

A new baby brings joy, excitement, and no small amount of financial questions. From reviewing your insurance coverage to unlocking tax breaks for childcare and starting an education savings plan, there are smart money moves every expecting parent should make. Here is what you need to know before your little one arrives.

Mission drift can quietly undermine a nonprofit’s financial health, fundraising efforts, and donor relationships. Whether the shift is intentional or gradual, understanding how to evaluate mission alignment, manage a formal change, and communicate transparently with stakeholders is essential to protecting your organization’s long-term stability and community impact.

Alternative investments can strengthen your nonprofit’s long-term financial performance through greater diversification and potentially higher returns. But they also bring added complexity, higher costs, and expanded tax exposure. Before committing assets, it is essential to carefully weigh the financial and tax implications specific to your organization’s situation.