Balance sheets and income statements get all the attention. But the less popular statement of cash flows can be a powerful management tool, if you know how to interpret it…
When a nonprofit must choose whether to buy or lease its facility, the decision-making process can be tough, with many factors to consider. We review the pros and cons of each option.
The U.S. Department of Labor’s final overtime rule goes into effect on January 1, 2020. Will your company be ready?
Are you looking for ways to save for your child’s or grandchild’s education? Or do you want to save for private elementary and secondary school? A Coverdell Education Savings Account may help.
Did you know that the Financial Accounting Standards Board (FASB) recently extended the simplified private-company accounting alternatives to not-for-profit organizations? Many merging nonprofits, including educational...
According to a recent study 29% of Americans 55 and older do not have any retirement. Click the link to read the full article.
As a retirement plan sponsor how can you encourage your employees to save and save more? Here are four simple ways to start building a retirement plan.
For most nonprofits, donations from individual households are declining. Now more than ever, it makes sense to use the power of personal appeals to influence would-be donors.
Have you received a text, letter, email or phone call purporting to be from the IRS? Don’t become the victim of a scam. Here’s what you should look out for.
Americans are saving more for retirement, according to a survey released by the Plan Sponsor Council of America
The final safe harbor rules apply to tax years ending after December 31, 2017, and you have the option of instead relying on the earlier proposed safe harbor for the 2018 tax year.
With the help of outside professionals, you can lower your fiduciary risk by doing right by your employees while addressing all applicable regulations.
Does your current internal audit approach take advantage of electronic record keeping? Learn the benefits of upgrading your audit program to match today’s technology.
Nonprofit board members who personally profit from decisions they’ve made or influenced risk the exempt status of their organizations. Learn how to avoid violating private benefit and inurement provisions.
With the annual federal gift tax exclusion, you can transfer substantial amounts free of gift taxes to your children and others. Here are the basic rules.
Does your business report any assets at fair value? Are these estimates reasonable? Here’s how a valuation specialist can help management meet its financial reporting responsibilities and ensure adequate controls over these measurements.
Sad but true: Volunteers sometimes steal from the youth sports leagues they’re supposed to be supporting. But there are steps you can take to protect your league, starting with the segregation of duties.
Final IRS regulations (along with additional proposed regulations) for the first-year 100% bonus depreciation deduction have been published.
It’s common for businesses to stick with the same policies, procedures and practices from year to year. Management letters offer fresh insights from the audit trenches. Here’s why you should heed your auditor’s advice.
If your nonprofit is required to register in multiple states, watch out! There’s no simple way to register in every state and rules vary widely by jurisdiction. Here’s what you need to know
Want to offset the high cost of college? There may be a federal tax credit for higher education costs that you can claim. Here are the basic details.
PARTICIPATING IN THE COMPANY’S RETIREMENT PLAN is a smart and important decision. Smart because you are putting away small amounts today for a comfortable retirement later.
Navigating a start-up business without a financial roadmap can be perilous. Here’s how to jumpstart the budgeting process.
You may think your nonprofit has a good rationale for taking out a loan. But banks may not agree. Here’s how to find a lender that will offer reasonable rates and terms.
Got grants? Juggling multiple levels of grant compliance can be time consuming and frustrating. Here’s how our audit team can help streamline the process.