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ProfitSense

Katelyn Pyle, CPANovember 19, 20244 min read

Navigating the Fed Rate Cut: Key Insights for Small Businesses

After more than four years of increased interest rates, the Federal ...
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Chadd DearenNovember 19, 20244 min read

FASB Standard Updates: What Nonprofits Should Know

The Financial Accounting Standards Board (FASB) routinely updates its ...
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Jessica BrownNovember 19, 20244 min read

Maintaining 501(c)(3) Tax-Exempt Status: Key Rules and Tips

Charitable organizations can take advantage of provisions in the tax ...
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Innocent ZvingowaniseiOctober 28, 20243 min read

Enhancing Employee Benefits with Student Loan Matching Contributions

Attracting and retaining top talent in today's competitive job market ...
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Ben RogersOctober 28, 20243 min read

Practical Cash Management Tips for Nonprofits

Tracking and managing finances is incredibly important for any ...
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Kim Huynh, CPAOctober 28, 20243 min read

Sunset on Summer: Simple Steps for a Tax-Ready Fall

Although it may seem like tax season only just ended, the end of ...
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Mindy Tu, CPASeptember 23, 20242 min read

Tax Tips for Family Caregivers: Unlocking Credits and Deductions

It is very common for families to pay for the costs associated with ...
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LGT StaffSeptember 23, 20243 min read

5 Companies That Revolutionized Their Manufacturing Operations

When manufacturing companies optimize their processes, it is a ...
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Justin Lewis, CPASeptember 23, 20243 min read

Common Audit Triggers for Nonprofits (And How to Avoid Them)

Nonprofit organizations with 501(c)(3) status may be exempt from ...
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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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