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Webinar: Preparing Your Nonprofit Organization for an Audit

Learn how to prepare for your nonprofit audit from experts Ed Sullivan and Tom Wood.

Family and Medical Leave Tax Benefits for Your Business

How to get a tax break by offering family and medical leave to your employees.

Retention Guidelines for Your Tax Documents

Find out how long you need to keep tax records and financial documents.

Stay Prepared With Regular Business Valuations

By getting a business valuation, you know where your company stands if you want to sell it or otherwise transfer it.

Clarifying The New Nonprofit Standard for Contributions

Starting with FY 2019, nonprofits who issue financial statements in accordance with U.S. GAAP will be required to apply a new nonprofit accounting standard.

Encouraging Employees to Use the Roth 401(k) You Offer

Employees might benefit from using employer-offer Roth 401(k) plans but might need encouragement to use them.

How to Receive Tax Deductions for Traveling

How to be smart about combining business and pleasure travel to increase tax deductions.

Classifying Workers as Employees or Independent Contractors

Making employees independent contracts can yield savings but don't do it just to lower your tax burden.

Are Your Procurement Procedures Up to Snuff?

Federally funded nonprofits now have new procurements standards they need to follow.

When Your Audited Financial and Internal Statements Don't Match

At year-end, your audited financial statement might not match your internal statements. Here's why.

Preserving Your Association’s Tax-Exempt Status

If your nonprofit engages in certain activities, it will lose its tax-exempt status with the IRS. Do you know what those activities are?

Encouraging Donors to Switch Donations to Unrestricted

A gift with strings attached is nice but not as nice as a gift you can use however you like.

How to Make Your Nonprofit's Events More Profitable

Make sure you get the most out of your nonprofit's special events while still keeping them fun.

7 Steps to Responding to a Data Breach Nightmare

Have a plan in place for when a data breach happens so you don't have to make decisions in a panic.

How Taxes Relate to Mergers and Acquisitions

Taxes are one factor you might not consider when dealing with mergers and acquisitions, but you should.

Telling Your Business’s Story with Your Financial Statements

Financial statements tell people such, as investors and lenders, the story of your business.

The ABCs of NQDCs (Nonqualified Deferred Compensation Plans)

Many employers use nonqualified deferred compensation plans to attract and retain executive talent. The rules, however, are complex.

Importance of Board Review of Form 990

Whittlesey nonprofit expert, Katrina Olson highlights the importance of Form 990 and offers helpful tips on filling it out. 

Succession Planning Your Way to Preserving Company Knowledge

Don't let that key person move on from your company without a plan to transfer that person's knowledge.

Achieve Strategic Goals With An Implementation Plan

Don't just set goals for your business -- make a plan to achieve them, too. 

FASB Proposes Delays to Two New Accounting Rules

The Financial Accounting Standards Board proposed delays to two new accounting rules.

First Step in Repeal of Nonprofit Parking Tax

Changes are coming to the nonprofit parking and transportation fringe benefit tax.

Utilizing Prospects to Win New Clients

Finding and converting prospects into a reliable income stream can win new clients and help increase your profitability. 

How to Prepare for Your Benefit Plan Audit

In the latest Whittlesey Minute, assurance expert, Kate Donovan, discusses four ways to prepare for your benefit plan audit. 

How to Create an Impenetrable Password

You have to do better than "Password!123245" for your password. Here's how.

6 Ways to Improve Your Nonprofit's Accounting Function

There are simple and easy to implement steps to improve your nonprofit's accounting.

Webinar: Navigating the New Nonprofit Reporting Model

Learn how the new not-for-profit reporting model will impact financial statement presentation and disclosures.

Helping Your Nonprofit Survive Financial Instability

If your nonprofit is going through financial instability, there are ways through to the other side.

Take Advantage of the New 20% Biz Income Deduction

In a recent article published by Hartford Business Journal, Brenden Healy, a tax partner at Whittlesey, discusses how to take advantage of the new 20% biz income deduction.

2018 Tax Planning (in 2019)

In the beginning of the year, there's still time to take steps to improve your tax planning for the prior year.

Cybersecurity Assessment: What Is It and Why Do I Need One?

If you haven't had a cybersecurity recently, here are the reasons why you need one. 

7 Reasons Why a Business Plan is Key to Success

A well-designed business plan for your small business is a road map to success.

An Incident Response Plan Can Reduce the Cost of a Cyber Attack

Plan now how you'll react to a cyber attack instead of having to make choices in the moment.

New Accounting Rules Impact Community Banks

Over the next several years, community banks have to deal with a number of new accounting rules.

5 Tax Incentives Your Business Should Consider

Your business could be losing out on hundreds of thousands of dollars every year if you don't know about all the tax breaks you can take.

5 Reasons Businesses Should Consider Succession Planning

Whittlesey discusses why small and medium-sized companies need to consider succession planning for their business.

Tax Cuts and Jobs Act: Selected Highlights

Whittlesey tax partners highlight the significant changes made to both individual income and business taxes in the passing of the “Tax Cuts and Jobs Act” tax reform bill.

Avoiding Tax Schemes

Whittlesey tax partner, Brenden Healy, provides expert counsel, guidance and valuable tips for avoiding tax schemes during tax season.

Impact of Tax Cuts and Jobs Act on Banks

The 2017 Tax Cuts and Jobs Act had a number of impacts on banks.

Massachusetts Paid Family Leave - Effective July 1, 2019

Read the regulations for the Massachusetts Paid Family Leave. 

How to Have a Successful Audit

There is much more to getting ready for an audit than just closing the books and reconciling accounts. Here’s a list of tips to help you have a successful audit experience.

Why You Should Be Using Two-Factor Authentication

Chris Wisneski, Manager of IT Security & Assurance Services, at Whittlesey discusses why you should be using two-factor authentication.

Year-End Tax Planning Tips That Could Save You Money

Here are some of the most important 2019 year-end tax-planning considerations for clients from Whittlesey.

Tax Smart Ways to Withdraw Cash from Your Corporation

Are you looking to withdraw cash from your corporation while avoiding a hefty tax cost? Here are 5 ways to avoid dividend treatment. 

How to Control Unemployment Tax Costs for Your Business

Unemployment taxes can be costly for your business. Fortunately, you may be able to reduce your unemployment tax bill.

When Holiday Gifts and Parties are Tax Deductible

Find out if your holiday gifts or parties are tax deductible or whether it's taxable for the recipient. 

Game-Planning for A Profitable Year

Sports can teach business owners important lessons on how to recover from mistakes, make improvements, and earn wins.

Now Is the Perfect Time for Strategic Planning

The new year is fast approaching, and now is the perfect time to get a head start on strategic planning for next year.

Skip Excess Benefit Transactions To Maintain Tax-Exempt Status

Make sure to avoid excess benefit transaction to maintain your nonprofit's tax-exempt status. Here's how.

Should You Say “Good-Bye” To Your Nonprofit’s Old Bylaws?

Are your nonprofit's bylaws outdated? If so, you can’t just start revising them. There are other considerations you must tackle first. Read more about them.

What To Do If My Nonprofit Receives an IRS Audit Letter?

Is your nonprofit prepared to handle an IRS audit letter? For example, do you know the difference between a field and a correspondence audit? Get the facts.

What Key Performance Indicators Matter For Your Nonprofit?

Four key ratios are critical to ensuring your nonprofit is achieving its mission as cost-effectively as possible. Learn more.

Is There Substantial Doubt About Your Nonprofit's Future?

GAAP requires nonprofits to regularly evaluate whether there’s “substantial doubt” about their ability to continue as a going concern. 

Tax Guide for Valuing Donated Property

Nonprofits often struggle with valuing noncash and in-kind donations. Whittlesey's tax guide can help.

Make Your End-Of-Year Appeal More Appealing To Donors

The time for your end-of-year appeal has arrived. Let us help.