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ProfitSense

Alec EllisAugust 27, 20243 min read

New FLSA Rules and Their Potential Impact on Nonprofit Payrolls

In September 2023, the Department of Labor (DOL) proposed new ...
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Mindy Tu, CPAAugust 27, 20241 min read

Boost Your 20% Pass-Through Income Deduction with Smart Contributions

Many business owners may be aware of pass-through deduction but ...
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Ryan Meineke, CPAAugust 27, 20243 min read

How Changes to Form 5500 Rules May Affect Audit Requirements

Employers that sponsor EBPs must ensure that they comply with federal ...
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Innocent ZvingowaniseiJuly 30, 20244 min read

Meals & Entertainment Deductions: What Business Owners Need to Know

Have you ever questioned what expenses you can write off after paying ...
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Sheryl GradyJuly 30, 20243 min read

6 Reasons to Outsource Accounting Tasks in a Nonprofit

Nonprofit organizations must often look for creative ways to optimize ...
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James HarveyJuly 30, 20244 min read

Tax Refund Scams: What Taxpayers Need to Know

Federal tax credits are designed to reduce tax burdens for certain ...
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Yolanda Szabo, CPAJune 25, 20245 min read

Preparing for Tax Changes in 2025

The Tax Cuts and Jobs Act (TCJA) of 2017 made sweeping changes to the ...
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Justin Lewis, CPAJune 25, 20244 min read

5 Benefits of Board Diversity + Tips to Build Your Own Board

The board of a nonprofit organization has tremendous ...
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Ben RogersMay 28, 20244 min read

Maximizing Nonprofit Benefits from Clean Energy Tax Credits

The Inflation Reduction Act (IRA) of 2022 contains numerous ...
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Jillian Hawkins, PHRMay 28, 20241 min read

Key Updates to Overtime Regulations for 2024

The Department of Labor has made a final ruling on new overtime ...
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Lizbeth RiosMay 28, 20243 min read

2024 R&D Payroll Tax Credits: A Business Owner's Guide

Across the country and across many industries, there is an ongoing ...
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Tylynn BrownApril 24, 20244 min read

How to Nail Down Accurate Estimates for Your Construction Business

Successful construction companies depend on creating accurate ...
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Kyle Pacheco, CPA, CCIFPMarch 26, 20242 min read

Building Beyond 2023: Trends and Challenges in Construction

The construction industry saw a strong rebound from COVID and showed ...
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Justin Lewis, CPAMarch 26, 20243 min read

ACE Act Unveiled: Transforming Charity Landscape

The Accelerating Charitable Efforts Act was introduced in 2021 as a ...
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Sheryl GradyMarch 26, 20244 min read

Embracing the Power of Accounts Payable Automation

Managing cash flow is a vital part of running a business. It can also ...
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Meena Mohan, CPAFebruary 28, 20243 min read

IRS ERC Moratorium & Voluntary Disclosure Program: Key Steps to Take

The Employee Retention Credit (ERC) was a refundable tax credit ...
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Cindy TorresFebruary 28, 20243 min read

Unlocking the Benefits of the New Markets Tax Credit for Nonprofits

The New Markets Tax Credit (NMTC) was established in 2000. The credit ...
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LGT StaffFebruary 28, 20244 min read

Stay Audit-Ready: Top 6 Documents You Should Keep for the IRS

The IRS will audit a tax return for many reasons, including bad luck. ...
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Yolanda Szabo, CPAJanuary 26, 20244 min read

Key 2024 Federal Tax Law Changes Manufacturers Need to Know

The manufacturing industry will face several changes in federal tax ...
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Alec EllisJanuary 25, 20244 min read

Building Security: Unmasking the Cyber 'Villains' in Construction!

Thinking about the industries that are most at risk for cyberattacks, ...
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