A restricted fund is a set-aside account that holds money that can only be used for specific purposes. Restricted funds assure donors that their contributions will be used as they...
Posted by Rosovich & Associates, Inc. on 06/29/2022
Is Volunteer Work Tax Deductible?You volunteered because you care about your community and want to find a meaningful way to help others. But did you know that doing volunteer work...
Posted by Abundant Wealth Planning LLC on 03/31/2022
Not-for-profit organizations do not make a profit for their owners. Any money earned or donated to a nonprofit organization is used to promote the organization's goals and keep...
Posted by James Financial Services Inc on 03/31/2022
Charitable life insurance donations offer a way to raise funds to increase donations and reduce taxes.This is a less common strategy. There are a variety of tax considerations and...
Posted by James Financial Services Inc on 02/28/2022
Credit counseling is a process engaged in to help people especially debtors to settle their debts through education, counseling on budget, planning and also giving them enlightenment...
The CARES Act (Coronavirus Aid, Relief and Economic Security Act) came up with a new assistance program for small businesses (with employees below 500) to cushion the coronavirus's...
The sole essence of a nonprofit organization is not to make money; instead, they fulfill other purposes as stated by the law: charities, scientific, educational, or literary. Considering...
The government recently agreed on the details of a $900 billion coronavirus bill attached to a $ 1.4 billion omnibus that will fund the government for fiscal 2021. Congress also voted...
Two small-business loan programs will be given new life after a $484 billion coronavirus aid deal was finalized last week. The programs are created to relieve the economic devastation...
Posted by Taxes Made EZ Inc on 06/23/2020