As the year draws to a close, taxpayers have an important opportunity to review their financial situation and make strategic moves that can reduce their 2025 tax liability. Thoughtful year-end planning helps ensure that deductions are maximized, penalties are avoided, and long-term financial goals stay on track.

While charitable giving starts as a generous act and a way to support causes you care about, it can also optimize your tax strategy. Thoughtful planning allows you to make a meaningful impact on your community while leveraging potential tax benefits. Understanding the rules and opportunities surrounding charitable contributions is essential for maximizing both your generosity and your financial strategy.

For nonprofit organizations, compliance and transparency are essential to maintaining tax-exempt status and building trust with donors, grant-makers, and the public. One of the most important tools in this process is Form 990—the annual information return required by the IRS for all tax-exempt organizations.

When starting a business entity, one of the most important—and often overlooked—decisions is choosing the right structure. From sole proprietorships to LLCs to corporations, each business entity comes with different legal, operational, and tax implications.

For U.S. citizens and residents with foreign financial interests, understanding international tax obligations is more than simply good practice—it is essential for compliance. From income earned abroad to accounts held overseas, there are specific reporting requirements that, if overlooked, can lead to steep penalties.

Exiting a business involves more than selecting a date and placing the company on the market. It requires careful preparation—financially, operationally, and emotionally—to ensure a smooth and successful transition. A thoughtfully developed exit plan enables business owners to preserve value, maintain continuity, and part ways on their own terms. But too often, expectations around timing, ease, and outcomes don’t reflect reality.

Financial Planning and Analysis (FP&A) forecasting and planning goes beyond traditional budgeting. It’s a dynamic planning tool that helps organizations set realistic expectations, evaluate performance, and respond to changing circumstances. While budgets are often considered static documents meant to limit expenses, effective budgeting aligns both revenue and spending with an organization’s long-term goals.

While balance sheets and income statements are essential, financial reporting for nonprofits goes beyond just numbers on a page. It includes internal reports such as budget-to-actual comparisons, cash flow projections, functional expense allocations, and the integration of key metrics relevant to the organization.

When it comes to financial reporting, businesses and organizations often require attestation services, but there’s often confusion about what these services actually entail. Many people think they are undergoing an audit when, in reality, they are receiving a different level of service.

Every organization encounters risks, but not all risks are negative. Avoiding risk entirely can limit growth and prevent an organization from reaching its full potential. Instead, organizations must learn to navigate and manage risk effectively.