Nonprofits: Limit disaster damage with a plan
COVID-19 was a kind of disaster most not-for-profits weren’t prepared for. As your organization recovers from this unusual event, don’t let it become vulnerable to other, more common, threats. Every […]
Category: Articles
Fraud Lurks: So you need internal controls – MUST READ
This is the fourth installment of our “Fraud Lurks” series. In the initial article, I pointed out an all too common fraud technique using information found on any corporate check. […]
Cash Talks — and Fraud Experts are Listening
Fraud perpetrators take whatever they can get their hands on. But they generally prefer cash because it’s virtually untraceable. Fortunately, fraud experts have the expertise and tools to trace even […]
Hiring your minor children this summer? Reap tax and nontax benefits
If you’re a business owner and you hire your children this summer, you can obtain tax breaks and other nontax benefits. The kids can gain on-the-job experience, spend time with […]
Making the decision to hire new nonprofit staffers
Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according to the U.S. Bureau of Labor Statistics. But that’s expected to […]
Keeping your loyalty program safe from fraud
To generate revenue and foster customer loyalty, many businesses, including retailers, airlines, and credit card companies, create loyalty and reward programs. Such programs can help companies attract and retain customers, […]
The IRS has announced 2022 amounts for Health Savings Accounts
The IRS recently released guidance providing the 2022 inflation-adjusted amounts for Health Savings Accounts (HSAs). Fundamentals of HSAs An HSA is a trust created or organized exclusively for the purpose […]
Congress asks HHS to extend deadline to expend PRF funds and clarify guidance
As the June 30, 2021 deadline to expend Provider Relief Fund (PRF) draws near, there is still conflicting guidance and no reporting mechanism deadline. In addition, there are still billions […]
Is a merger in your nonprofit’s post-pandemic plans?
As the COVID-19 pandemic finally seems to be fading in the United States, your not-for-profit organization may be making plans for its post-pandemic future. Is a merger with another nonprofit […]
How to defend your auto dealership from fraud
Although auto sales plunged at the start of the COVID-19 pandemic, they’ve since rebounded. In fact, some auto dealerships are reporting record sales in 2021. Problems remain — including supply […]
An S corporation could cut your self-employment tax
If your business is organized as a sole proprietorship or as a wholly-owned limited liability company (LLC), you’re subject to both income tax and self-employment tax. There may be a […]
Time to plan an in-person board retreat?
As states open for business and the need for social distancing recedes, your not-for-profit organization may want to think about scheduling an in-person retreat for your board of directors. Members […]
