2021 Q3 tax calendar: Key deadlines for businesses and other employers By: David M. Reape Here are some of the key tax-related deadlines affecting businesses and other employers during the third quarter of 2021. Keep in mind that this list isn’t all-inclusive, so there may […]
What nonprofit board members need to know about fiduciary duties By: Helen Weeber It takes more than dedication and enthusiasm for your not-for-profit’s cause and programs to make a good board member. The most critical duty for all board members is being a […]
Not my plant! Preventing ransomware attacks on manufacturers By: Cheryl Lanese The world’s largest meat production company was recently sidelined by a ransomware attack. The hack forced the company to temporarily shutter plants in the United States, Canada, and Australia, affecting […]
Recordkeeping DOs and DON’Ts for business meal and vehicle expenses By: David M. Reape If you’re claiming deductions for business meals or auto expenses, expect the IRS to closely review them. In some cases, taxpayers have incomplete documentation or try to create records months […]
Nonprofits: Limit disaster damage with a plan By: Helen Weeber 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 […]
Fraud Lurks: So you need internal controls – MUST READ By: Stanley Olejarski CPA CGMA 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 By: Tony LaNasa 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 By: David M. Reape 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 By: Helen Weeber 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 By: Tony LaNasa 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 By: David M. Reape 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 […]