New Rulings Expand Self-Employment Tax for Limited Partners

Active limited partners who participate in a partnership’s operations may now owe self-employment taxes on ordinary income. Recent court rulings stress the importance of a partner’s role over their title, making it essential for businesses to evaluate involvement, review agreements, and ensure compliance to avoid penalties.

2025-02-28T14:19:52-05:00February 27, 2025|Categories: Construction and Real Estate, Tax: Business|Tags: |

2025 Economic Outlook for Franchises

In 2024, for the second year in a row, the franchise industry outperformed expectations thanks to upticks in consumer spending and slight improvements in the availability of labor. According to a report from the IFA, franchising is likely to keep growing and add more than 20,000 units and 210,000 jobs in 2025.  Learn interesting industry statistics and other key takeaways from the report.

2025-02-26T13:17:44-05:00February 25, 2025|Categories: Franchise, Retail, Small Business|Tags: |

Quarterly Nonprofit Update: February/March 2025

The nonprofit sector continues to evolve as economic conditions, policy changes, and donor behavior shape funding strategies. Charitable giving remains strong, with signs of continued growth for organizations. However, adapting to these shifts will require strategic planning to sustain long-term impact.

2025-02-26T13:30:04-05:00February 13, 2025|Categories: Not-for-Profit|Tags: |

8(a) Survival Guide: How to Ace Your Annual Review and Stay in Good Standing

Learn the key elements of the annual review process for maintaining your 8(a) status. Find out what documents to gather, how to keep your personal net worth (PNW), and ownership structure above reproach.

2025-01-31T14:18:49-05:00January 31, 2025|Categories: Government Contracting|Tags: |

The Importance of Reviewing AR Processes in Real Estate

Efficient accounts receivable (AR) processes are critical for real estate businesses to maintain steady cash flow and support long-term growth. With high-value transactions and complex payment schedules, even small inefficiencies can disrupt cash flow and stifle opportunity. Proactively reviewing AR practices can help reduce these risks and streamline operations, enabling businesses to remain competitive in this fast-paced industry.

2025-01-31T11:12:10-05:00January 30, 2025|Categories: Construction and Real Estate|Tags: , |

8(a) Success Without Blowing Your Personal Net Worth: Smart Spending Strategies for Gov Con Firms

Learn about several strategies that can help you smartly allocate funds without accidentally bumping your PNW over the 8(a) line.

2025-01-29T13:56:58-05:00January 29, 2025|Categories: Government Contracting|Tags: |

Fraud Risks in Nonprofits: Trends and Strategies for 2025

Nonprofits are increasingly prioritizing fraud prevention to protect their resources and fulfill their mission. In 2025, two key areas require attention: internal fraud by employees and external risks to systems and data. Proactive measures can help organizations address these challenges and maintain financial integrity.

2025-02-26T13:36:43-05:00January 27, 2025|Categories: Fraud/Forensics, Not-for-Profit, Risk Advisory|Tags: |

Key Internal Controls for Small Nonprofit Organizations

Many small nonprofits face challenges with weak or inadequate internal control systems, often due to limited staffing and financial resources. Without effective safeguards, these organizations are at greater risk of errors, fraud, and financial mismanagement, which can damage their reputation and disrupt operations. Implementing strong controls helps build trust and allows nonprofits to stay focused on their mission.

2025-02-26T13:41:23-05:00January 22, 2025|Categories: Not-for-Profit|Tags: |
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