by Mary Doherty | Aug 31, 2022 | Tax Planning
While the recently announced student loan debt relief has captured numerous headlines, it’s estimated that another federal relief program announced on the same day will provide more than $1.2 billion in tax refunds or credits. Specifically, IRS Notice 2022-36 extends...
by Mary Doherty | Aug 23, 2022 | Business Planning
Auditors commonly use confirmations to verify such items as cash, accounts receivable, accounts payable, employee benefit plans and pending litigation. Under U.S. Generally Accepted Auditing Standards, an external confirmation is “a direct response to the auditor from...
by Mary Doherty | Aug 18, 2022 | Business Planning
by Mary Doherty | Aug 18, 2022 | Nonprofit
No nonprofit wants to turn down donations — particularly if they’re large. Nevertheless, you need to consider the source of gifts and potentially refuse those attached to controversial donors. Bad publicity, particularly if it hits social media and goes viral, can be...