Endowment funds play a crucial role in helping nonprofits build long-term financial stability. Yet many organizations still struggle to understand how these funds work, how they’re governed, and how to report them properly. Whether you’re new to endowments or looking to refresh your knowledge, this overview breaks down the essentials.
As 2025 draws to a close, business owners face a critical window to make tax-smart moves that can reduce liability, improve cash flow, and set the stage for a strong start to 2026. With the One Big Beautiful Bill Act (OBBBA) reshaping deductions, credits, and thresholds, this year’s planning carries extra weight.
As more businesses embrace remote and hybrid work models, one area that hasn’t shifted as quickly is internal controls. Systems that once relied on in-person oversight, paper approvals, or physical access now face gaps that can leave businesses exposed to fraud, errors, and compliance risks.
A major tax change is here for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) reinstated the immediate deduction for U.S.-based R&E expenses. This change reverses rules under the Tax Cuts and Jobs Act (TCJA), which forced businesses to capitalize and amortize these costs over five years (15 years for research performed outside the United States).
For nonprofits, revenue comes from two main sources, earned income and contributed revenue:
In-kind donations—also called gifts-in-kind—are non-cash contributions of goods or services. GAAP requires nonprofits to report them at fair market value (FMV), on a separate line item of the Statement of Activities for contributed nonfinancial assets. Beyond that, nonprofits must disclose how these donations were used, how they were valued, and whether donor restrictions apply.
Divorce is stressful under any circumstances, but for business owners, the process can be even more complicated. Your business ownership interest is often one of your largest personal assets, and in many cases, part or all of it will be considered marital property. Understanding the tax rules that apply to asset division can help you avoid costly surprises.
For many nonprofits, grants are a lifeline—fueling programs, projects, and operations. But receiving the funds is only half the story. Proper recognition and allocation are essential to maintain compliance, ensure transparency, and preserve eligibility for future funding.
If you own an unincorporated small business, you may be frustrated with high self-employment (SE) tax bills. One way to lower your SE tax liability is to convert your business to an S corporation.
The One Big Beautiful Bill Act (OBBBA), signed on July 4, 2025, brings sweeping tax changes that will touch nearly every corner of the nonprofit sector. While there are a few bright spots, much of the legislation introduces new costs, tighter rules, and more reporting requirements.
