New Revenue Idea? Watch Out for the Commerciality Doctrine By: Helen Weeber If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution is a side business, be […]
Making an Estate Plan? How to Avoid Fraud & Fraudulent Transfers By: Anthony LaNasa If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can […]
IRS Still Experiencing Delays By: David M. Reape The IRS has millions of individual 2019 tax returns in the processing pipeline. They recently made some changes on their website, regarding the processing of these IRS delays. For refunds […]
The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021 By: Kate Protsenko-Blake CPA This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a […]
Will Permanent Work From Home Work for Your Nonprofit? By: Helen Weeber It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely. For many nonprofits and employees, remote work has been a positive experience. And as […]
Put Employees to Work Fighting Fraud By: Anthony LaNasa You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true […]
The New Form 1099-NEC and the Revised 1099-MISC Are Due to Recipients Soon By: Julie Gillespie There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After […]
2021 Part B Fee Schedules & Industry Updates By: Steven Anderson CPA Long-Term Care Industry Updates With the New Year upon us, HW&Co. would like to wish you a happy, healthy and prosperous New Year. As always, the New Year brings many […]
Don’t Make Decisions Without Nonprofit Data Analytics By: Helen Weeber Most not-for-profit organizations collect vast volumes of data. But according to a study conducted by EveryAction and Nonprofit Hub, only 40% of nonprofits regularly use that data to drive decisions. […]
New PPP Rules, Applications, and Loan Forgiveness Revealed By: Anthony LaNasa New PPP Loan Forgiveness Application The US Small Business Administration (SBA) and Treasury updated their loan forgiveness forms on January 19, 2021. Among these is the PPP Loan Forgiveness Application […]
PPP Loans Have Reopened: Let’s Review the Tax Consequences By: Ed Decker The Small Business Administration (SBA) announced that the Paycheck Protection Program (PPP) reopened the week of January 11. If you’re fortunate to get a PPP loan to help during the COVID-19 […]
Provider Relief Fund Reporting Delayed and Reporting Requirements Updated By: Paula Reape CPA LNHA Today the U.S. Department of Health and Human Services (HHS), through the Health Resources and Services Administration (HRSA) issued a news release announcing a delay to the February 15, 2021 […]