business expenses Archives - DWC CPAs and Advisors

Accountable Plans: A Smarter Way For Nonprofits to Reimburse Expenses

Accountable plans remain the most tax-efficient way for nonprofits to reimburse employee business expenses. When properly structured and implemented, these plans allow reimbursements to be excluded from employees’ taxable income and save payroll taxes for the organization. Eligible Expenses To qualify under an accountable plan, reimbursements must meet three core

Business Cost-Control Strategies

“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché, you’ve got to spend money to make money. But that doesn’t mean you have to take rising operational costs sitting down. Cost control is a formal management technique through