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Deterring Nonprofit Fraud and Ensuring Financial Integrity
By Holly Hejmowski, CPA on January 8, 2025

Tips for preventing fraud at smaller not-for-profit organizations Recently, there have been several news accounts of smaller not-for-profit organizations that have fallen victim to...

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Form 990 Best Practices for Not-for-Profit Boards
By Holly Hejmowski, CPA on December 19, 2024

Five ideas for making the nonprofit tax preparation process easier Not-for-profit organizations with federal tax-exempt status must file Form 990 with the IRS each year. This form requests...

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IRS Audit Risk Alert: IRS to Target ERC Promoters and their Clients

Newly proposed federal legislation will require ERC Promoters to disclose their clients to the IRS. This move increases audit scrutiny for all businesses, particularly those who sought...

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Employee Retention Tax Credit News: IRS Announces New ERC Withdrawal Process
By Freed Maxick Tax Team on November 14, 2023

The IRS has introduced a new withdrawal process for taxpayers looking to retract previously filed Employee Retention Tax Credit (ERC) claims. This move comes as part of the IRS's efforts...

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Cybersecurity Awareness Month: The Costly Consequences of Ransomware - A Cautionary Tale

How Robert and Vincent's Video Production Empire Fell Victim to Cybercrime In the fast-paced world of video production, Robert and Vincent had built a thriving empire over the course of 25...

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Small Business Administration Finalizing Details of Restaurant Revitalization Program
By Alexis S. Becker on April 13, 2021

The American Rescue Plan passed in March established a program to be administered by the Small Business Administration (SBA) that will provide $28.6 billion in funds as a part of the...

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