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The U.S. House of Representatives has passed its budget reconciliation bill, dubbed The One, Big, Beautiful Bill. Among other things, the sweeping bill would eliminate
- Tax Info
For the past couple of years, investment fraud has been the costliest type of scam reported to the FBI’s Crime Complaint Center. The FBI generally
- Nonprofit Updates
Legacy Marketing Director Julie Tucek attended the 2025 Association for Accounting Marketing (AAM) Summit in Phoenix, AZ May 12-14, 2025. The AAM Summit is an
- Legacy Firm News, Out and About
Only some not-for-profit organizations are required to conduct independent annual audits. For example, the federal government and many states mandate an audit if a nonprofit
- Nonprofit Updates
Your nonprofit’s board of directors should enjoy the role, the opportunity to support a cause close to their hearts and the camaraderie of working with
- Nonprofit Updates
Large, long-established not-for-profits generally know where the duties of their staff end and those of their board members begin. But smaller or newer organizations don’t
- Nonprofit Updates
The twisty journey of the Corporate Transparency Act’s (CTA’s) beneficial ownership information (BOI) reporting requirements has taken yet another turn. Following a February 18, 2025,
- Tax Info
The Donna A. Hubert Memorial Scholarship Fund offers an annual renewable scholarship for women interested in pursuing a career in accounting. This scholarship was created
- Legacy Firm News
Victims of presidentially declared disasters in recent years who couldn’t previously claim a casualty loss deduction may now be able to claim a refund. Additional
- Tax Info
In addition to widespread federal funding cuts, many not-for-profit leaders are concerned about a possible economic downturn. If you’re a on the board of directors
- Nonprofit Updates
FinCEN announced on February 27, 2025 that it will not issue any fines or penalties or take any other enforcement actions against any companies based
- Tax Info
Dave Zabrecky, Director of Compliance Services, will represent Legacy at the Illinois AFL-CIO Financial Reporting Seminars on the topic of IRS Reports. The seminar also
- Labor News, Out and About
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