Documentation and accountability are always important in business, but even more so for a not-for-profit agency. The sheer number of duties can be daunting. That's why it's crucial to have tools which allow you to stay on top of the details.
In the News
Thursday, January 17, 2019
Thursday, January 3, 2019
As a not-for-profit, tax-exempt organization, you might think the subject of "uncertain tax positions" (UTPs) doesn't apply to you. Think again. Some of the basics of your operations, including your tax-exempt status, could create uncertain tax positions that trigger critical reporting obligations.
Thursday, December 20, 2018
What should you do if your not-for-profit organization is short on staff and you don't have the funds or confidence in the future to hire employees -- or even to retain all the ones you have?
Friday, December 7, 2018
For-profit subsidiaries of not-for-profit organizations are strikingly diverse. Consider these real-life examples: In one part of the country, a not-for-profit health maintenance organization (HMO) creates a for-profit subsidiary to offer health insurance unavailable through HMOs.
Monday, November 26, 2018
A contribution to a charity isn't always a tax-deductible contribution for the donor, as in the case of "quid pro quo" donations. This exchange of one thing for another happens when a charity receives a payment that includes a contribution and, in return, provides the donor with goods or services valued for less than the total payment.
Thursday, November 8, 2018
It's no secret that the number of not-for-profit organizations is growing while the number of grant dollars is shrinking. Shifting from competing for grant funds to cooperating with other organizations can create substantial value for not-for-profits and the people they serve.
Thursday, October 25, 2018
As your not-for-profit strives to use its resources as effectively as possible, you might at some point consider outsourcing the functions that fall under your accounting and financial umbrella. But wait: You'll need to weigh the pros and cons before making this important decision.
Thursday, October 11, 2018
Employer-sponsored plans play an increasingly significant role in retirement planning as individuals worry about the future of Social Security and their ability to finance the kind of retirement they envision. They also help employers attract and retain better employees, cutting the costs of having to find and train new hires.
Thursday, September 27, 2018
Rules known as "intermediate sanctions" allow the IRS to assess penalties against not-for-profit executives who receive excess compensation — and the board members who have approved it. Do you and your board know what's considered excess compensation and what's viewed as a conflict of interest during the compensation-setting process?
Wednesday, September 12, 2018
It's an age of personal responsibility and legal liability can cause financial ruin for your organization's officers and board members.