Leave-Sharing Programs Provide COVID-19 Relief

taxes. The employer would have had a corresponding tax liability for its share of FICA and Medicare. As such taxes are not withheld, increased funds are now contributed to the…

Valuing Nonprofit Volunteer Hours

Valuing Volunteer Hours Assists Nonprofits with Compliance and Strategic Planning What is the value of a volunteer hour? According to a report by IndependentSector.org, a volunteer hour is worth just…

IRS Announces Penalty Relief for Missed RMDs

…be withdrawn from inherited IRA accounts and the IRS will not enforce the 50% penalty tax against those taxpayers if distributions are not taken. If a taxpayer has already paid…