Legacy Professionals News
Recent Updates
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The One Big Beautiful Bill Act (OBBBA) creates new income tax deductions for tax years 2025 through 2028 for qualified cash tips and overtime compensation.
- Emerging Tax and Regulations Alert, Individual Tax Alerts
“Fiduciary” is a term that gets thrown around a lot these days. But what does it really mean — and to whom should it apply?
- Nonprofit Updates
You likely have a lot of things to do between now and the end of the year, such as holiday shopping, donating to your favorite
- Individual Tax Alerts
Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer
- Nonprofit Updates
Your employees and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your nonprofit’s mission. Many of your
- Nonprofit Updates
If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to
- Individual Tax Alerts, Tax Info
Your not-for-profit may invest valuable time and effort in its grant proposals. So it’s understandable that you’d be thrilled when proposals are given the green
- Tax Info
Legacy Partners Tim Cibulka, Eileen Brassil, Eric Baertsch, Michael Tiberi, Eric Wallin, Edison Uschold, and Dave Zabrecky attended the International Foundation of Employee Benefit Plans
- Employee Benefit Plan News, Out and About
The 2026 Social Security wage base has been released. What’s the tax impact on employees and the self-employed? Let’s take a look. FICA tax 101
- Individual Tax Alerts, Tax Info
Is your nonprofit new and building its governance infrastructure from scratch? Or is it established but looking for ways to improve the effectiveness of its
- Nonprofit Updates
The One Big Beautiful Bill Act (OBBBA) introduced or updated numerous business-related tax provisions. The changes that are likely to have a major impact on
- Emerging Tax and Regulations Alert, Tax Info
If a donor suddenly offered your not-for-profit a residential property, antique jewelry or inventory from a business, would you know how to value it? Perhaps
- Nonprofit Updates, Tax Info
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