Nov 11, 2024 | Firm Updates, News Brief
In November 2022, artificial intelligence (AI) got a lot of attention with the launch of ChatGPT, a “chatbot” developed by OpenAI. Users can converse with the chatbot in a fairly sophisticated way via questions that steer conversations toward answers of any desired...
Oct 17, 2024 | Firm Updates, Individual Tax, Small Business
As the new year begins, many individuals and businesses are preparing to file their taxes. However, a critical aspect that often goes overlooked is the requirement for organizations to file 1099 forms for payment made to their contractors and other vendors. Failure to...
Sep 26, 2024 | Firm Updates, Small Business
The Corporate Transparency Act (signed into law on January 1, 2021) expanded anti-money laundering laws and created new reporting requirements for certain companies doing business in the US Beginning in 2024, many small businesses are required to report information...
Aug 6, 2024 | Firm Updates, News Brief
Donor-Advised Funds (DAFs) are investment vehicles designed to allow individuals to contribute to the Funds and recognize the contribution as a charitable donation in the year it was made. The funds are then managed by advisors and eventually contributed to charitable...
Aug 6, 2024 | Firm Updates, News Brief
In any online environment, there are risks of computer systems being hacked, data being stolen or manipulated, and privacy breaches occurring. Unfortunately, many not-for-profit organizations are woefully underequipped to protect themselves from these attacks due to...
Aug 6, 2024 | Firm Updates
Nonprofit accounting has distinct features compared to for-profit accounting due to the nature and goals of nonprofit organizations. Nonprofits focus more on the accountability aspect of accounting. There is a specific set of rules and procedures regulated by...
