by Mary Doherty | Jun 22, 2022 | Nonprofit
Quid pro quo donations occur when a nonprofit receives a payment that includes a contribution and the organization provides the donor with goods or services valued at less than the contributor’s payment. Among other things, these arrangements create reporting...
by Mary Doherty | Jun 22, 2022 | Business Planning, Tax Planning
The IRS recently announced that it’ll increase the standard mileage rate for qualified business driving for the second half of 2022. The adjustment reflects the soaring cost of gasoline this year. In fact, as of June 13, the nationwide average price of regular...
by Mary Doherty | Jun 13, 2022 | Business Planning
Numbers tell only part of the story. Comprehensive footnote disclosures, which are found at the end of reviewed and audited financial statements, provide valuable insight into a company’s operations. Unfortunately, most people don’t take the time to read footnotes in...
