Legacy Principals Jim Kemparas and Terry Truesdale are attending the IFEBP’s Collection Procedures Institute Nov. 14-15 in Miami, FL. Programming includes best practices, trends, and legal and legislative updates for trustees and plan professionals with regard to collecting benefit payments.
Because most not-for-profit board members serve voluntarily, you may not have known compensating them was an option. But depending on the type of organization, the expertise and experience expected of board members, and the required time commitment, it may make sense to compensate these hardworking individuals.
Pros and cons
There are advantages and drawbacks to compensating board ... Read More ›
The IRS recently issued its 2023 cost-of-living adjustments for more than 60 tax provisions. With inflation up significantly this year, many amounts increased considerably over 2022 amounts. As you implement 2022 year-end tax planning strategies, be sure to take these 2023 adjustments into account.
Also, keep in mind that, under the Tax Cuts and Jobs Act (TCJA), ... Read More ›