Governmental Accounting Insights

Tax Prep, Planning & Strategy

Smart Estate Planning begins with Protecting your Assets

It’s one thing to earn enough to live a comfortable lifestyle. It’s yet another to develop a plan for protecting your assets so that there’s…

Accounting & Assurance

Nonprofit board retreats: The pause that refreshes

If your not-for-profit’s board is like most, its members lead busy lives. They may not get to every board meeting or perhaps they’re able…

Tax Prep, Planning & Strategy

Charitable lead trusts offer philanthropic and family benefits

Affluent families who wish to give to charity while minimizing gift and estate taxes should consider a charitable lead trust (CLT). These trusts…

Tax Prep, Planning & Strategy

M&A transactions: Avoid surprises from the IRS

If you’re considering buying or selling a business — or you’re in the process of a merger or acquisition — it’s important that both…

Accounting & Assurance

Protect your nonprofit from occupational fraud threats

Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified…

Accounting & Assurance

What to do if your nonprofit receives an IRS audit letter

The IRS’s staffing shortages have been well publicized and audits of individuals have decreased in the past several years. But it’s a mistake…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"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