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Is a Non-Profit Required to Have a Balanced Budget?

  • September 10, 2020

Non-Profit organizations are not required to have a balanced budget. The following article is in reference to operating budgets and should...

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Ensure Your Contribution Goes to a Legitimate Organization

  • September 9, 2020

Every year, Americans donate millions of dollars to various charities. When making these donations, it is important that every donation be...

Guidance for Deferring Social Security Tax Withholding

  • September 2, 2020

Written by Jennifer Cochran On August 8, 2020, the President of the United States issued a Presidential Memorandum directing the Secretary...

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Social Media Giant Hacked by 17-Year-Old

  • August 18, 2020

Written by Caleb Swadley Last month 17-year-old Graham Ivan Clark hacked into Twitter accounts belonging to Elon Musk, Uber, Barack Obama,...

Long-Term Care Expenses: What Can You Deduct?

  • August 6, 2020

Written by Olivia Cole As we age, our families are often burdened with the ever-increasing long-term care expenses related to home...

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PPP Updates

  • August 6, 2020

Earlier this week, the Small Business Administration (SBA) released a new Frequently Asked Questions (FAQs) document on PPP Loan Forgiveness. PPP...

Required Minimum Distributions (RMDS) Changes in 2020

  • August 3, 2020

Written by Jennifer Cochran The Cares Act includes several measures designed to stimulate the economy. One provision allows retirees to forgo...

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How do I net capital gains and losses for year end tax planning?

  • July 28, 2020

Written by Jennifer Cochran With the extended July 15th tax deadline past us, now is a great time to think about...

AICPA Releases PPP Q&A for Lenders

  • July 6, 2020

The American Institute of CPA’s (AICPA) released Technical Questions and Answers (TQA) on June 30 to address common accounting issues for...