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Holiday Saving Starts NOW

Summer was the time to get away, but now we’re back to school, college, and work. Before we know it, Thanksgiving will be over and the holidays will be nipping…

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When Nonprofits are Taxed on Unrelated Business Income

While most nonprofits are operated primarily to be tax exempt, it doesn’t mean they won’t pay business income tax. When nonprofits generate income on unrelated activities, this can result in that

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Trends in Family Philanthropy

Whether you are a family foundation or a grant-seeker, we thought you would find some interest in these trends. Family foundation giving almost doubled between 2002 and 2013 and the…

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Is Your Payroll Service Provider Really Remitting Your Taxes?

At a recent client board meeting I was asked how an organization would know if their payroll service provider was remitting the payroll taxes on their behalf. In light of…

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Our Annual Business Plan – We Have One Too!

Well we did it again – we went to Washington to recharge, regroup and visit with our nonprofit peers to convene about top of mind subjects at the AICPA not…

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Lines of Defense – The Key Challenges in Integrating Control Activities

The current economic environment and significant risk events over the last few years have caused companies to maintain a renewed focus on the effectiveness of risk management. Substantial amounts have…

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Devise Your Exit Strategy – An Early Start Helps Ensure A Good Outcome

Every company owner needs an exit strategy — whether that involves transferring the business to family members or selling it to a management team or a third party. Regardless of…

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Preparing For The New Overtime Pay Rule

After much anticipation, the Department of Labor recently released a new rule that will change how employers compensate employees. Effective December 1, 2016, workers who earn above the previous threshold…

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Retirement Planning for the Self-Employed

Self-employed individuals are notoriously busy, but that does not mean that planning for retirement should be put on the back burner. A recent survey indicated that 70% of America’s 10…

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Gifting Wisely

Most of us are familiar with the concept that we can gift a certain amount of money to another person every year without gift tax consequences and that there is…

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