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Recent News

6 Best Practices for Keeping Your Accountable Employee Expense Reimbursement Plan Intact

An accountable employee expense reimbursement plan allows you to cover employees' out-of-pocket business expenses via tax-free reimbursements or advances. The IRS says this type of plan must follow three rules to maintain its "accountable" (i.e., tax-free) status. But here's the thing: following these rules can be costly and even complicated.  

Reimbursing Employee Expenses: Why It Pays to Follow the Rules

Reimbursing employees for expenses is pretty straightforward, right? If you're not following these three rules, things could get complicated.

Will the 'Kill Quill' Movement Change Nexus Standards for Good?

While most of the news media was busy covering the Tax Cuts and Jobs Act, the U.S. Supreme Court, on Jan. 12, 2018, quietly agreed to hear a case that could spur dramatic changes in nexus standards across the country.

New Tax Law FAQ: Can I Take the 20 Percent Business Deduction?

Since the new tax law passed late last year, I've fielded several questions from business owners wondering how it will affect them. Many of these inquiries relate to the 20 percent business deduction for pass-through entities.

New Tax Law FAQ: What Can Nonprofits Expect?

The Tax Cuts and Jobs Act of 2017 has been a hot topic in the nonprofit world since it first began to take shape last year. Changes it introduces could affect how donors give in 2018 and in the years to come. Here are a few of the ways we expect it to impact the nonprofit community.