Protecting private foundations amid the uncertainty of new tax laws
(authored by RSM US LLP) Private foundations can lobby when a foundation’s existence, power and duties, exempt status, or deductibility of contributions is at risk.
New guidance on long-term, part-time employee eligibility for 403(b) plans
(authored by RSM US LLP) New guidance on 403(b) plans clarifies rules for long-term, part-time employee inclusion and nondiscrimination compliance.
IRS releases 2025 retirement and fringe benefit plan limitations
(authored by RSM US LLP) Cost-of-living adjustments to retirement and fringe benefit plan limits for 2025 have been published by the IRS.
Nonprofits face unique challenges with cybersecurity
(authored by RSM US LLP) Nonprofits face unique challenges with cybersecurity, but they can adopt certain best practices to strengthen their protection.
Qualified disaster relief through charitable organizations
(authored by RSM US LLP) Public charities, private foundations, and donor advised funds can provide qualified disaster relief assistance to victims of qualified disasters, including individuals and small businesses.
Exempt organizations matters on 2024-2025 Priority Guidance Plan
(authored by RSM US LLP) The 2024-2025 Priority Guidance Plan identifies projects that the Treasury Department and IRS intend to prioritize during the July 1, 2024, through June 30, 2025, plan year, including items affecting exempt organizations.
Nonprofits need to cultivate a new type of workforce
(authored by RSM US LLP) Nonprofits need to cultivate a new type of workforce by adopting a more operational mindset and investing in technology, which will attract top talent
How Will CECL Affect Your Nonprofit?
CECL, which stands for Current Expected Credit Loss, is an accounting standard that helps entities determine when to record losses from financial assets and other
Looking to Make Operations More Efficient? Consider a Business Process Review.
In your strategy meetings, how often do you talk about business process improvements? Even if your leadership team actively works to improve operations, you may
How nonprofits can navigate digital transformation
(authored by RSM US LLP) Nonprofits that learn how to navigate digital transformation are better positioned to thrive. But the unique constraints on nonprofits necessitate a different approach to digital transformation.
IRS announces second ERC Voluntary Disclosure Program, ERC updates & warnings
(authored by RSM US LLP) Second Employee Retention Credit Voluntary Disclosure program and other ERC updates.
Responding to the CrowdStrike outage
(authored by RSM US LLP) What can IT service leaders learn from the the July 2024 CrowdStrike outage? What should you consider to best prepare for the future? RSM risk professionals weigh in.