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M.S. Febrey M.S. Febrey

Nonprofit

4 Ways to Make a Nonprofit Audit Less Scary

July 22, 2019November 25, 2019 Accounting News, Blog, Nonprofit

Having an independent audit is a significant endeavor. Not only is it an expense, but it also requires a lot of preparation. The auditors will need access to all of the information they need to help them carry out their […]

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4 Nonprofit Tax Concerns

July 22, 2019November 25, 2019 Blog, Nonprofit, Tax

Just because you run a nonprofit, it doesn’t mean you can completely ignore taxes. You still have to file. In fact, if your nonprofit fails to file its annual federal return (Form 990) for three consecutive years, its tax-exempt status […]

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IMPORTANT UPDATES

August 5: The Inflation Reduction Act Unleashes A Tougher, Armed IRS. Learn more.

July 1: IRS increases mileage rate for the remainder of 2022 to 62.5 cents per mile. Learn more.

March 15: SBA Announces Existing COVID-19 EIDL Program Borrowers to Receive an Additional Deferment

Feb. 18: The IRS is successfully processing tax returns and delivering refunds starting January 24.

Feb. 16: IRS provides details on relief for Schedule K-2 and K-3 reporting and new frequently asked questions (FAQs)

Feb. 14: IRS suspends more than a dozen automated notices, including collection issues. Visit IRS.gov for payment options.

Jan. 8: Tax filing deadline is April 18, 2022. Why the extension?

Recent Posts

  • IRS Funding Boost and Its Effect on You
  • Inflation Reduction Act of 2022 – Summary
  • Small Business Taxpayers: Accounting Method Changes
  • Find A Quick Way To Protect Sensitive Information
  • Year-End Business Tax Test

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Tax Return Due Date 2022

Federal: Monday, April 18, 2022
MD/State: July 15, 2022

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