Newsletters
Donor Advised Funds: Efficient and Effective Planned Charitable Giving
April 12, 2017We have just completed the year-end rush of charitable giving and a barrage of requests from multiple organizations. How can we make this process more strategic and tax efficient? One option is a donor advised fund (DAF). A DAF offers an easy way for a donor to make significant charitable gifts over a long period…
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National Financial Literacy Month Just Got More Exciting
March 28, 2017Everyone knows there are certain things you just don’t discuss in polite company, right? It seems this month we need to recognize the taboo that no one even seems to want to talk about; money. In 2003, the National Endowment for Financial Education introduced Youth Financial Literacy Day, and in 2004, the U.S. Senate passed…
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Fighting Fraud in the School Yard
March 1, 2017In the last decade, there were numerous reports of fraudulent acts committed by school officials, many resulting in criminal indictments and jail sentences for the perpetrators, as well as significant monetary costs and adverse publicity for the victimized school districts. More recent media headlines identifying fraud in schools again remind us that investigative audits are…
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How CRA & HMDA Disclosures May Lend Help To Your Institution
February 21, 2017It’s that time of year again, when financial institutions are working diligently to prepare and validate their Community Reinvestment Act (CRA) and Home Mortgage Disclosure Act (HMDA) filings prior to the March 1 deadline. However, if this is the first time that your financial institution is accumulating or looking at this data, you may already…
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Cyber Security Through User Awareness Training
February 15, 2017The ever-changing landscape of technology solutions has resulted in businesses/organizations being more and more connected. The ability to share information, receive immediate communications and leverage the interconnectivity of business processes has increased the expectations of consumers for ALL organizations, regardless of their size. Along with escalated connectivity comes escalated risks; in particular, phishing attacks, which…
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Tax Implications on Foreign Investments
February 15, 2017Happy New Year clients and friends! February is a month during which many organizations take a hard look at their investment portfolios’ prior calendar-year performance. While the markets certainly ended strong in 2016, due, in part, to anticipated changes from the new administration, certain sectors and investment products were lacking. We talked to Mercadien Asset…
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Exits Are Inevitable, Failure Is Not: Planning A Successful Exit
December 15, 2016We understand that business owners are so busy addressing today’s economic challenges that they can overlook the critical task of Exit Planning. We also understand that, at some point, all owners exit their businesses. When that day arrives, owners want to exit on their terms, the most important of which are financial independence and choosing…
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Trump’s Proposed Tax Reforms Could Mean Big Changes For Individuals And Businesses
December 15, 2016With the election now behind us, we wanted to share President-elect Trump’s tax reform proposals for both individuals and businesses. Keep in mind that any changes in the current tax system would have to be voted on by Congress, however, here are some potential changes that could become law in 2017. For individual taxpayers: Tax…
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6 Challenges Nonprofit Executives are Facing
December 6, 2016To better understand what is keeping nonprofit executives up at night, Abila – a leading software provider to nonprofit organizations – surveyed 414 finance professionals who currently work for a nonprofit or association between June and July 2016. Nonprofits have made headlines recently while dealing with headaches brought on by new federal rules on overtime…
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Are You Complying With New Procurement Standards Under Uniform Guidance?
November 15, 2016For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement standards is one of the many areas that management and staff at all state, local and nonprofit entities need to review and understand, to be…
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