Joshua Nelson, CPA, was one of only 36 professionals honored by the American Institute of CPAs (AICPA) as a member of the Leadership Academy’s 18th graduating class. Nelson was selected based on his exceptional leadership skills and professional experience for the four-day Leadership Academy program December 1st – 4th.
Read MorePalm Beach Accounting and Financial Services is pleased to announce that Joshua Nelson, Senior Manager of Client Accounting Services, has earned his license as a Certified Public Accountant.
Joshua joined Palm Beach Accounting and Financial Services in 2015. Today, he brings more than a decade of experience helping nonprofits, small businesses, family offices, and professional service organizations strengthen their accounting operations and gain greater financial clarity.
Read MoreDepending on your birth year, the IRS requires you to start withdrawing from your retirement accounts once you are 73 or 75— whether you need the money or not. Those withdrawals, called required minimum distributions (RMDs), count as taxable income. And depending on how much you're required to take, they can affect your tax bracket, your Social Security taxes, and even your Medicare premiums.
Read MoreForm 990 already requires nonprofits to disclose a substantial amount of information. Even so, the return does not always make it easy to follow a particular dollar from its source to its ultimate use.
That appears to be the concern behind a federal initiative announced in April 2026. According to the U.S. Treasury’s announcement, the IRS plans to revise Form 990 reporting for certain activities of organizations described under Section 501(c)(3). Particular attention is paid to government grants, government contracts, and fiscal sponsorship arrangements.
Read MoreUnderstanding the nuances of your retirement accounts today can make a massive difference in your wealth decades from now.
The choice between pre-tax and after-tax accounts is essentially a decision about when you want to pay the IRS. By choosing the right "tax bucket" for your current income level and future expectations, you can potentially keep a much larger slice of your hard-earned nest egg. In this article, we share a quick breakdown of how these two accounts compare.
Read MoreAfter years of building your retirement accounts, it’s time to enjoy your hard work. But don’t forget that the IRS requires you to take required minimum distributions (RMDs) from some of those accounts. In this article, we share answers to 5 of the most common questions people have.
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