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data breach

Is Your Nonprofit Protected From a Data Breach?

November 17, 2022

By now, all organizations, both for-profit and nonprofit, know about the risk of cyberattacks. Why then, would any nonprofit fail to secure its network and digital assets? One reason is cost. Cybersecurity can be expensive. Yet according to IBM’s “2022 Cost of a Data Breach Report,” a data breach in the United States leads to…

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michael wolanksy

Michael Wolansky Honored by Nonprofit

November 17, 2022

Michael Wolansky, Partner, was recently honored by the nonprofit organization, Carolyn Dorfman Dance, for excellence in service. Michael’s commitment, leadership, and dedication are evident to his clients. He is an integral part of Buchbinder, and his work has truly made a difference. Congratulations, Michael!

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supplier finance programs

What You Need To Know About Supplier Finance Programs

November 15, 2022

Does your company use supplier finance programs to buy goods or services? If so, and if you must adhere to U.S. Generally Accepted Accounting Principles (GAAP), there will be changes starting next year. At that time, you must disclose the full terms of supplier finance programs, including assets pledged to secure the transaction. Here are…

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HSA

2023 Contribution Limits for Businesses That Have HSAs

November 10, 2022

No one needs to remind business owners that the cost of employee health care benefits keeps increasing. One way to provide some of these benefits is through an employer-sponsored Health Savings Account (HSA). For eligible individuals, HSAs offer a tax-advantaged way to set aside funds (or have their employers do so) to meet future medical…

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business inflation

How Inflation Will Impact Your 2022 and 2023 Tax Returns

November 7, 2022

The effects of inflation are all around. You’re probably paying more for gas, food, health care and other expenses than you were last year. Are you wondering how high inflation will affect your federal income tax bill for 2023? The IRS recently announced next year’s inflation-adjusted tax amounts for several provisions. Key highlights Standard deduction…

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retirement plans

Are You Ready To Implement Updated Withholding Forms W-4P and W-4R in 2023?

November 2, 2022

In 2022, the IRS released new federal tax withholding election Form W-4P, Withholding Certificate for Periodic Pension or Annuity Payments, and Form W-4R, Withholding Certificate for Nonperiodic Payments and Eligible Rollover Distributions, for optional use in 2022 and required use in 2023. The intent is to provide for more accurate federal income tax withholding, which unfortunately adds…

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