2024 Q2 Tax Calendar: Key Deadlines for Businesses and Employers
Spring is here, along with a bunch of tax-related deadlines. Here are some upcoming dates that businesses and employers should keep in mind.
QuickBooks Desktop will be Unavailable to New Subscribers this July
QuickBooks Desktop is planning to stop selling several products to new US subscribers after July 31, 2024. Here’s what you need to know.
Bartering is a Taxable Transaction Even if No Cash is Exchanged
If your small business would like to exchange goods & services without exchanging money, you may be able to barter. But be aware, there may be consequences.
Taking Your Spouse on a Business Trip? Can You Write Off the Costs?
The rules for deducting a spouse’s travel costs are very restrictive for small business owners. Here’s what you can & can’t write off for tax purposes.
Capitalizing on Opportunities for Automation in Your Organization
Learn how to streamline processes, identify areas of automation, and create a roadmap of action items with BDO Digital’s Rapid Automation Assessment.
Why Uncertainty Calls for a More Flexible Budget
When times are turbulent, your nonprofit’s budget could end up falling short. Consider a more flexible rolling budget or reforecast your current budget.
If Your Business has Employees Who Get Tips, You May Qualify for a Tax Credit
If you’re a restaurant owner with employees receiving tips, you may qualify for a lucrative tax break. Here’s what you need to know.
Best Practices for Effective Board Meeting Minutes
Board meeting minutes may seem like a formality. However, they can become critical documents if your nonprofit is ever audited by the IRS.
Social Security Wage Base for Employees and Self-employed People Increasing in 2024
The Social Security Administration recently announced that the wage base for computing Social Security tax will increase to $168,600 for 2024 (up from $160,200 for 2023). Wages and self-employment income above this threshold aren’t subject to Social Security tax.
Why Your Nonprofit’s Board Needs to be Diverse
Ideally, a nonprofit’s board of directors should mirror that of its community and clientele. Does yours? Identifying that your board needs more diversity is the easy part, though. Figuring out what to do about it can be more difficult. But it’s important because it can affect your funding and program effectiveness.
