2018 Contribution Limits and Other Updates for Payroll

The IRS and the SSA recently announced increases to limits that will affect 2018 payroll and withholdings. Please see the highlights below. Social Security Wage Base for 2018: The Social Security wage base will increase to $128,700, up from $127,200 in 2017. The maximum Social Security tax that employers and employees will each pay is […]

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5 Simple Steps to a Better Nonprofit Budget

Preparing your not-for-profit’s annual budget is probably one of the least appealing parts of your job. Here’s how to make the process a little less painful. Count your chickens. Before you start allocating resources, figure out what they are. This includes not only the amount of your income, but its nature. Remember that restricted or […]

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Key Highlights of Proposed 2017 Tax Reform

By now you’ve probably heard that tax reform is the current priority of President Trump and the Republican Congress. While the proposed bill will have dramatic effects on both individuals and corporations, we expect it to have many changes and amendments before it ultimately comes up for a vote. Keep reading for some of the […]

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