Not-for-profit organizations that qualify as public charities are required to pass a public support test annually to maintain their tax-exempt status. For many organizations, this test has been more of a formality than a hurdle.

Whenever you go to a doctor's office or hospital, one of the first things they do is check your vital signs (i.e., pulse, temperature, blood pressure).

According to calculations performed by the University of Maryland's Do Good Institute on behalf of the Independent Sector, the estimated national value of a volunteer hour has reached $29.95...

Tapping an IRA, 401(k) plan or other tax-deferred accounts to pay current expenses can derail your retirement savings plan.

We have all heard of the "Great Resignation," a term coined to describe the millions of employees that left their jobs since the onset of the COVID-19 pandemic in 2020.

In the midst of the continuing economic uncertainty, even affluent attorneys that are free of student debt have voiced concerns about their financial stability and retirement readiness. Law firms...

For far too long, the rate of technology adoption across the legal industry has lagged far behind innovation. As datasets grow larger and litigation costs rise, ..

In today's volatile real estate market, it can be difficult to obtain a meaningful estimate of what a parcel of commercial real estate is currently worth.

As many of us look forward to putting 2020 in the rear view mirror, an inclusive punch list of items needed to support, process and file your personal tax returns includes information on any...

Tracking various state sales tax laws, changes and credits can be complex and lead to missed opportunities. While most states offer sales and use tax exemptions for certain purchases by manufacturers...

Annually, not-for-profits across the country are impacted by fraud and experience at times significant losses. Such losses could be devastating for many organizations. However, with strong internal controls...

Until recently, Illinois recipients and subrecipients who expended less than $500,000 in federal funds breathed a sigh of relief as they were exempt from the rigorous world of the Single Audit.

An important key to success for any not-for-profit organization is having the right governance policies and procedures in place.

One of the most misinterpreted and misused features of a defined contribution plan is the forfeiture account.

Today, you generally do not need to be concerned about federal estate taxes unless your net worth approaches $5 million (about $10 million if you are married).

The Health Information Technology for Economic and Clinical Health (HITECH) Act of 2009 prompts physicians and other health care shareholders to adopt HIT to help improve efficiency and cut costs.

Smartphones and other mobile devices are becoming as prominent in health care settings as they are in other walks of life.

Many people are aware that the sale of a business asset, including real estate, can have significant tax implications.

A lease with a purchase option is a traditional lease with a purchase option that gives the tenant the exclusive right to buy the property at the price typically set up front.

As part of the 2021 Chicago budget, the Chicago Personal Property Lease Transaction Tax, "cloud tax," has been approved for an increase. Effective January 1, 2021...