This discovery allows the accountant to correct the error before the new accounting period begins, preventing the misstatement of financial results. The unadjusted trial balance…
Variable Declining Balance Depreciation Calculator
Nonresidential real estate will generally be depreciated using the straight line method over 39-years under MACRS. However, one way of increasing depreciation deductions is by…
1031 Exchange Rules for Real Estate Investors in 2025
In order to have 100% of the gain deferred on a 1031 exchange, the investor needs to purchase a property that is equal to or…
Exempt organization types Internal Revenue Service
Transparency is not just a compliance requirement; it’s also vital to building trust with donors, grantmakers, and the communities you serve. In this article, we’ll…
501c3 Organization: What It Is, Pros and Cons, Examples
A membership organization elects the board and has regular meetings and the power to amend the bylaws. A board-only organization accounting services for nonprofit organizations…