Tax depreciation rules for business automobiles
If you use an automobile in your trade or business, you may wonder how depreciation tax deductions are determined. The rules are complicated, and special limitations that apply to vehicles […]
Category: Articles
Trade associations: prioritize common interests, not individual services
Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status. To ensure you’re in compliance with IRS rules, you need […]
No disaster scammer is safe from the NCDF
What do COVID-19, major hurricanes, and West Coast wildfires have in common? All three have attracted scam artists, who have bilked disaster victims, charitable donors, insurance companies, and government agencies […]
Tax breaks to consider during National Small Business Week
3 Tax Breaks The week of September 13-17 has been declared National Small Business Week by the Small Business Administration. To commemorate the week, here are three tax breaks to […]
60-Day Grace Period for PRF Reporting & $25.5 Billion New PRF Funding Available
Announcing 60-Day Grace Period – PRF Reporting Period 1 The September 30, 2021 Reporting Period 1 deadline has not changed; however, in response to challenges providers are facing given the […]
Even nonprofits can benefit from AI technology
You might think that artificial intelligence (AI) is just about using computers to perform complex tasks that otherwise would require human intelligence. That’s part of it. But several technologies fall […]
3 ways fraud experts use data analytics
Forensic accountants have long used technological tools to uncover fraud schemes. But recent advances in “big data” have provided even better, more efficient techniques for identifying suspicious activities and dishonest […]
Claiming a theft loss deduction if your business is the victim of embezzlement
A business may be able to claim a federal income tax deduction for a theft loss. But does embezzlement count as theft? In most cases it does but you’ll have […]
Your nonprofit may have an internal controls gap
The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners. And that doesn’t account for the negative publicity and subsequent lost donations and […]
HW&Co.’s 2021 Executive’s Guide to Nonprofit Success
HW&Co. presents the 2021 Executive’s Guide to Nonprofit Success. This annual symposium offers nonprofit leadership and board members a great opportunity to hear from HW Nonprofit advisors, as well as […]
How to Conduct a Remote Fraud Investigation
Before the COVID-19 pandemic, most fraud investigations took place in the office or other work facilities. This made it easy for investigators to gather and analyze data and interview suspects […]
Provider Relief Fund Reporting Overview and Calculation Tool
The 9/30/2021 reporting deadline for Provider Relief Funds (PRF) received between 4/10/2020 and 6/30/2020 is rapidly approaching. It is important to understand the reporting requirements and to be prepared before […]
