Read About - Tax Credits Available to Nonprofits Under the Inflation Reduction Act of 2022December 4, 2023
In general, tax credits do not mean much to tax-exempt nonprofit organizations because they do not pay taxes (typically)
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Read About - IRS Contributions Rule Change for High-Earner 401(k)sNovember 28, 2023
At a Glance
Main Takeaway
The SECURE 2.0 Act of 2022 (the Act) mandates that individuals aged 50 and older earning $145,000 (indexed for inflation) or more make “catch-up” contributions to their employer-sponsored 401(k) on a Roth basis, meaning those extra contributions are to be made with money you’ve already paid taxes on
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Read About - New SECURE Act 2.0 Long-Term Part-Time Employee RulesNovember 14, 2023
At a Glance
Main Takeaway
The original SECURE Act, signed into law in 2019, was designed to encourage employers to offer retirement plans such as the 401(k) and make it easier for employees to benefit from them
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Read About - 2023 Tax Data ScheduleNovember 7, 2023
Windes Tax Manager Matt Whipple has produced a user-friendly tax data schedule for 2023
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Read About - 2024 Cost of Living Adjustments for Retirement PlansNovember 6, 2023
The IRS has announced cost of living adjustments (COLA) applicable to qualified retirement plans for 2024
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Read About - 2023 Year-end Year-round Tax Planning GuideNovember 1, 2023
Windes is committed to helping you maximize your income through a variety of tax-saving strategies
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Read About - What is CECL, and How Will It Affect Nonprofit Organizations?November 1, 2023
Introduction
Over the past four years, nonprofit organizations (NFPs) have faced a steady stream of new Accounting Standard Updates (ASUs) to adopt
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Read About - California Tax Filing and Payment Deadline Extended to November 16, 2023October 17, 2023
California’s Franchise Tax Board (FTB) conforms to the extended federal tax filing and payment deadline of November 16, 2023, for California storm victims
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Read About - Tax-Filing and Tax-Payment Deadline Postponed to November 16, 2023 for Most California TaxpayersOctober 16, 2023
The Internal Revenue Service (IRS) has postponed the tax filing and tax payment deadline for most California taxpayers to November 16, 2023
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Read About - Nonprofit Governance Post COVID-19 PandemicOctober 16, 2023
Nonprofits have faced a litany of changes, risks, and challenges over the last three and a half years due to the onset of the COVID-19 pandemic
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Read About - Possible Extension of Section 199A Pass-Through DeductionsSeptember 22, 2023
At a Glance
Main Takeaway
Understanding business taxes is critical to the success and growth of private companies
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Read About - What is an Earnout and How Do They Work: Pros and ConsSeptember 19, 2023
At a Glance
Main Takeaway
An earnout is a type of mergers and acquisitions (M&A) strategy used when initial negotiations do not go as planned with an outright offer
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