The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some nonprofits to make board designations of unrestricted assets. What are board designations,…
With the impact of the COVID-19 pandemic and ongoing economic uncertainty, some nonprofits continue to struggle with financial sustainability. This can mean your board of…
With cyberattacks on the rise, even nonprofits can no longer ignore or poorly budget for this serious problem. Groups that may want to disrupt your…
These days, most businesses have websites. But surprisingly, the IRS hasn’t issued formal guidance on when website costs can be deducted. Fortunately, established rules that…
A wise person — who may or may not have been an accountant — once said, “Simplicity is the key to a family budget.” However,…
Traditionally, important tax and financial records have been stored as hard copies in desk drawers, filing cabinets and safe deposit boxes. These days, however, it’s…
If your company benefits include group term life insurance paid by your employer, a portion of the premiums paid for the coverage may be taxable.…
The Creating Helpful Incentives to Produce Semiconductors for America Act (CHIPS Act) was recently passed by Congress as part of the CHIPS and Science Act…
There are many fraud prevention tools and techniques available to companies today. Yet, dollar for dollar, none may yield greater results for preventing occupational fraud…
Profit fade can be a serious problem for construction companies. It’s not only a red flag for sureties and lenders, but also a harbinger of…