Governmental Accounting Insights

Accounting & Assurance

A policy can help nonprofits look “gift horses” in the mouth

When you receive a personal gift from a friend or family member — even if it’s not something you particularly want — you accept the gift…

Tax Prep, Planning & Strategy

It’s about time: Don’t waste that of your board members

Most not-for-profit board members are unpaid volunteers. They’ve agreed to serve because they care about your mission and the impact your organization…

Tax Prep, Planning & Strategy

When it comes to asset protection, a hybrid DAPT offers the best of both worlds

A primary estate planning goal for most people is to hold on to as much of their wealth as possible to pass on to their children and other loved…

Tax Prep, Planning & Strategy

Control how your charitable gifts are used by adding restrictions

If philanthropy is an important part of your estate planning legacy, consider taking steps to ensure that your donations are used to fulfill…

Tax Prep, Planning & Strategy

Take intrafamily lending to the next level by establishing a family bank

One of the primary goals of estate planning is to put in writing how you want your wealth distributed to loved ones after your death. But what…

Tax Prep, Planning & Strategy

How to research a business customer’s creditworthiness

Extending credit to business customers can be an effective way to build goodwill and nurture long-term buyers. But if you extend customer credit,…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89