8 Steps Nonprofits Can Take to Adopt AI Responsibly
The rise of the generative AI writing tool, ChatGPT, has captivated the global audience, achieving a milestone of over 100 million monthly active users within a mere two months—a feat that notably outpaces the growth trajectories of established platforms such as TikTok and Instagram. This surge in AI adoption brings forth a transformative opportunity …
Strengthening Nonprofit Capacity for Long-Term Success
In response to the challenges brought forth by the COVID-19 pandemic, nonprofits and funders are reassessing their collaborations to address immediate needs and prepare for the future. Amid growing calls for equitable grantmaking and heightened awareness of economic disparities, funders are grappling with the most effective ways to support nonprofits. While general operating support …
How Nonprofits Can Advance Change Effectively
The capability of the nonprofit sector to initiate systemic social change has been a persistent question. Despite past attempts to reform elements such as board effectiveness, fundraising strategies, and foundation-led initiatives, shortcomings have led to a reevaluation of the fundamental assumptions guiding these efforts. The current imperative is to embrace a transformative shift that …
Accountable Plans: A Win-Win for Employers and Employees
As an employer or an employee one intricacy of tax laws and regulations that often goes unnoticed is the concept of Accountable Plans. These plans, when implemented correctly, can provide significant tax benefits for both employers and employees.
Under the Tax Cuts and Jobs Act (TCJA) signed into law by President Trump in 2017, the …
Obscure and Overlooked Tax Deductions, Credits, and Benefits
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would take a thick book to list everything. But besides what you are …
The Flash – IRS Provides Employers Way to Withdraw Erroneous ERC Claims
Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have fallen victim to aggressive marketing of the Employee Retention Credit (ERC) by marketers or promoters into filing ineligible claims.
As part of a larger effort to protect small businesses and organizations from scams, the IRS …
Stay Safe on the Road: Tips for Sharing with Slow-Moving Farm Machinery
With the fall harvest season in full swing, it’s essential for drivers to be aware of the increased presence of large farm equipment on the roads. These implements require more road space, so drivers should be prepared to slow down, pull to the side, or stop when necessary. Rural drivers must remain vigilant, as …