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4 ways to encourage nonprofit donors to make unrestricted gifts

Because restricted gifts have stringent rules attached, they can be difficult for not-for-profits to manage and account for. How, then, do you encourage donors to make unrestricted gifts that your organization can use as it deems necessary? Here are four suggestions: 1. Praise the benefits of unrestricted gifts when speaking with potential donors. Explain how your organization uses donations, offering hard numbers and specific examples where needed. Give them as...

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Scrupulous records and legitimate business expenses are the key to less painful IRS audits

April 19, 2024

If you operate a business, or you’re starting a new one, you know records of income and expenses need to…

Don’t skip out on planning for the GST tax

April 17, 2024

Does your estate plan call for making gifts to your grandchildren or other loved ones more than one generation below…

Update on retirement account required minimum distributions

April 15, 2024

If you have a tax-favored retirement account, including a traditional IRA, you’ll become exposed to the federal income tax required…

2024 Q2 tax calendar: Key deadlines for businesses and employers

April 12, 2024

Here are some of the key tax-related deadlines that apply to businesses and other employers during the second quarter of…

What are your options to fund long-term care expenses?

April 10, 2024

Few things can derail your estate plan as quickly as unanticipated long-term care (LTC) expenses. Most people will need some…

The tax deadline is almost here: File for an extension if you’re not ready

April 08, 2024

The April 15 tax filing deadline is right around the corner. However, you might not be ready to file. Sometimes,…