What nonprofit board members need to know about fiduciary duties
From financial oversight to risk management to avoiding conflicts of interest, there's a lot that nonprofit board members need to know. Here's a quick summary.
The long and short of succession planning
Have you created a viable succession plan for your business? This daunting task can be made easier by choosing the right perspective
How to strengthen your internal controls
A strong internal control system can protect your organization from a variety of risks, including recordkeepting errors and employee theft. Here are three basic controls that you should take a look at annually.
Using your financial statements to evaluate capital budgeting decisions
Taking your business to the next level may require a major infusion of capital. A disciplined approach to evaluating capital investment decisions can help get the biggest bang for your buck.
Biden administration proposes far-reaching tax overhaul
If you're trying to keep straight all of the tax proposals the Biden administration has recently announced, here's a handy guide.
New rules for non-profits to report gifts in kind
(such as land or services) take effect for annual periods starting after June 15. So if you haven’t already familiarized yourself with the rules, now’s the time.
Liabilities for unused time off mount as pandemic lingers
From staycations to road trips, people are using paid time off differently (or not at all) during the pandemic. When employees forego paid leave, employers may see their accruals skyrocket. Plus, there may be hidden costs, too.
President Biden details his tax proposals for individuals
What could President Biden’s tax proposals mean for you? Here’s a brief rundown of the “American Families Plan.”.
EIDL loans, restaurant grants offer relief to struggling small businesses
Could your small business or restaurant use a tax-advantaged loan from the Small Business Administration? A recently passed COVID-relief act offers a couple of intriguing options.
PPP application deadline extended
Eligible businesses affected by the COVID-19 pandemic now have until May 31 to apply for a PPP loan. Here’s the latest on the popular loan program.
4 Ways to improve the effectiveness of your audit committee
Does your audit committee need a makeover to tackle what lies ahead? Here’s guidance to devise a proactive governance and oversight agenda for 2021.
Make the most of employee retention credit
Is your business taking full advantage of the Employee Retention Credit?