In the News

Copyright 2021
Accurate, relevant and timely financial information is key to making good decisions for not-for-profit executives and board members. But do all of your board members really understand the numbers they receive and what they mean to your organization? Here's how to find out and what you can do to get board members up to speed.
Copyright 2021
In recent years, the Equal Employment Opportunity Commission (EEOC) has annually fielded around 25,000 alleged violations related to the Americans with Disabilities Act (ADA). And while the majority of these claims are deemed unworthy of action by the EEOC, you don't want your company to be the exception. The average award in settled cases is roughly $60,000.
Copyright 2021
If you have employees working from home, and you want to transition them back to the workplace as the economy picks up, you may find it's harder than you once thought. For some employees, nervousness about remaining health risks is an impediment — especially for those who haven't been vaccinated.
Copyright 2021
It's difficult for many people to write off medical expenses because of the limits imposed under the tax laws. But you may qualify by including every expense allowed. Some of the qualified procedures may surprise you.
Copyright 2021

Are you thinking about setting up a retirement plan for yourself and your employees, but you’re worried about the financial commitment and administrative burdens involved in providing a traditional pension plan? Two options to consider are a “simplified employee pension” (SEP) or a “savings incentive match plan for employees” (SIMPLE).

Copyright 2021
One of the most nerve-wracking experiences in a manufacturing executive's career is when an Occupational Health and Safety Administration (OSHA) inspector shows up at the door and says something like: "We received a complaint, and we'd like to take a look around."
Copyright 2021
Acquiring or increasing your firm's bonding capacity can open a whole new market of jobs. It can allow you to take on a multitude of public works projects or larger, more profitable, higher-profile private jobs that require a more hearty bonding capacity than what you, or your agent, are used to.
Copyright 2021
Patients depend on physicians and assume they're empathetic. But when it comes to paying for services, a few patients expect that empathy to include letting your fee go if they ignore the bill.
Copyright 2021
To qualify as a tax-exempt entity, a not-for-profit organization must comply with certain federal income tax laws. And to prove compliance, you must maintain records. There's no required recordkeeping system. In fact, your organization can choose any system that suits its activities and clearly shows your income and expenses.
Copyright 2021
If you've had to lay off employees as far back as Nov. 1, 2019, a tiny portion of the $1.9 trillion American Rescue Plan Act (ARPA) might go to them. That's the good news for eligible former employees. The bad news for employers is that your company will have some administrative responsibilities to see that the funds those employees are entitled to actually reach them. In other words, your company will need to pay the cost of maintaining health benefits through your health plan under COBRA provisions and recoup those costs later.

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