April 2024

Your business should generally maximize current year depreciation write-offs for newly acquired assets. Two federal tax breaks can be a big help in achieving this goal: first-year Section 179 depreciation deductions and first-year bonus depreciation deductions. These two deductions can potentially allow businesses to write off some or all of their qualifying asset expenses in Year 1. […]

When times are turbulent, your not-for-profit’s budget could end up falling short. Even if you’ve already made a fixed budget for 2024, consider taking a different approach in the future. You might, for example, write a rolling budget, with periodic dates (such as quarterly) when you adjust numbers according to circumstances. A more dramatic approach

For the past two years, the U.S. unemployment rate has remained below 4%. This is great news for jobseekers but it can make hiring for your not-for-profit challenging. Consider looking within. By promoting existing staffers, you can save on the costs of recruiting workers. In addition, the process could go faster because you already know