How to keep your nonprofit’s members in the fold
If your charity or association depends financially on membership fees, you know that non-renewals are cause for concern. During this time of economic and occupational insecurity, you may be experiencing membership drop-offs and some anxiety about your organization’s future.
Maryland Governor Hogan Announces Distribution of Additional $180 Million in Relief Funding for Families & Small Businesses
In a COVID-19 update press conference on Thursday, December 17, Maryland Governor Hogan announced the distribution of an additional $180 million in relief funding for families and small businesses, including:
With a flick of the switch: Build an on-off mechanism into your estate plan
When planning your estate, it’s critical to balance estate tax planning and income tax planning.
Rightsizing your sales force
With a difficult year almost over, and another one on the horizon, now may be a good time to assess the size of your sales force. Maybe the economic changes triggered by the COVID-19 pandemic led you to downsize earlier in the year.
Nonprofit endowments require knowledge and resources
If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment is different from operating reserves and generally is designed to provide steady income to a nonprofit while its core investments grow untouched.
Bill Fritts, Member of SEK, CPAs & Advisors Voted Best Accountant by Herald Mail Readers
FOR IMMEDIATE RELEASEDecember 11, 2020 Bill Fritts, Member of SEK, CPAs & Advisors Voted Best Accountant by Herald Mail Readers
Nonprofits: How to acknowledge donor gifts
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately 30% of charitable gifts are made in December alone.
Should you add a technology executive to your staff?
The COVID-19 pandemic and resulting economic impact have hurt many companies, especially small businesses. However, for others, the jarring challenges this year have created opportunities and accelerated changes that were probably going to occur all along.
The QBI deduction basics and a year-end tax tip that might help you qualify
If you own a business, you may wonder if you’re eligible to take the qualified business income (QBI) deduction. Sometimes this is referred to as the pass-through deduction or the Section 199A deduction. The QBI deduction:
5 Resolutions QuickBooks Online Users Should Make for 2021
New year, new challenges, and the potential for new successes. Here are five ways you can improve your financial management in 2021.