IRS Warns Against Social Media Tax Credit Schemes
IRS Warns Against Social Media Tax Credit Schemes The IRS has recently penalized taxpayers more than $162 million for filing frivolous returns based on false information spread on social media. These posts promote ineligible tax credits—like the Fuel Tax Credit and...
Tax Increment Financing (TIF) in Nebraska: A Strategic Urban Development Tool
Tax Increment Financing (TIF) is a funding mechanism for development, most commonly within urban areas. Through this article, we will highlight the background of TIF, how it is utilized in Nebraska, income taxability of projects, and potential drawbacks of TIF...
Excess Soil Fertility Studies: How Farmers Can Benefit from Tax Deductions
Farmers may be eligible for a deduction when they purchase or inherit farmland that contains residual (excess) fertilizer in the soil.
A Guide to Nonprofit AI Implementation for Nonprofit Leaders and Staff
In a previous blog on the Nonprofit Standard, BDO USA discussed how nonprofit boards can help their organizations implement AI securely, effectively, and equitably. But nonprofit AI implementation does not depend on the board alone. Nonprofit leaders, including...
Essential Internal Control Practices for Small Organizations
For many small organizations, it is often difficult to maintain a strong internal control environment due to resource constraints. However, there are still measures small organizations can take to strengthen their internal control environment and prevent errors,...
“The One, Big, Beautiful Bill” Signed Into Law: Understanding the New Tax Landscape
July 7, 2025 - After being passed in the Senate on Tuesday, July 1st, and then being re-passed in the House of Representatives on Thursday, July 3rd, President Trump signed into law on July 4th his major priorities bill for his first year back in office. This bill...
Employee Benefit Plan Best Practices
Employer-sponsored 401(k) and 403(b) retirement plans can be effective and powerful recruiting tools. However, being a Plan Sponsor comes with specific compliance requirements, creating a need for oversight. How much oversight is needed to safeguard your plan?...
Senate Tax Bill vs. House Version: What You Need to Know
The Senate Finance Committee has released its version of the tax provisions for the upcoming budget reconciliation bill.
Medical Practice Scheduling Tips to Help Improve the Bottom Line
If there's one thing that can harm the success of a medical practice, it's having patients spending too much time in the waiting room. Appointment scheduling is a critical function of a doctor's office, yet many practices schedule in a seemingly haphazard fashion....
Finish Strong: Avoiding Profit Fade in Construction Projects
Just like in many areas of life, both personal and professional, finishing strong is imperative to success. Construction projects are no different. In construction, a strong finish can ultimately determine whether a project is completed on time and within budget. When a project finishes strong and comes in under budget, it results in what’s known as a “profit gain.” Conversely, when a project gradually loses expected gross profit over time, it’s referred to as a “profit fade.”