Archive for the ‘Nonprofit’ Category

Timely Deposits of Participant 401(k) Plan Contributions More Important Than Ever

When employees contribute a percentage of their wages to their employer’s sponsored retirement plan, they often assume the money is […]

Best Practices for Month-End Close

While the beginning of the month can signify a fresh start for some, small businesses and their accounting departments sometimes […]

What Are Your Financial Statements Telling You?

As a small business owner, you’ve almost certainly heard the phrase, “your financial statements say a lot about your […]

Is the Worker You Just Hired an Independent Contractor or an Employee?

It sounds like this would be a simple question to answer – but is it? Determining your new worker’s employment […]

Three Reasons Why You Should Upgrade Your Expense Management Software

In today’s fast-paced environment, we thrive on efficiency — of resources, time, and energy. One of the easiest ways for […]

Interim Guidance on the Unrelated Business Income Tax (UBIT)

Nonprofits with unrelated trades or businesses have received desperately needed interim guidance from IRS Notice 2018-67 (the “Notice”). IRC §512(a)(6) […]

What Employee Benefit Plan Sponsors Need to Know About Cybersecurity

Most organizations have some sort of formal plan in place to protect their electronic data, but many of those security […]

Meals and Entertainment Expenses After Tax Reform

The 2017 Tax Cuts and Jobs Act (TCJA) made several changes to the tax deductibility of meal and entertainment (M&E) […]

Sales Tax Changes to Affect Louisiana Retailers and Purchasers Alike

As part of a larger budget deal, new Louisiana sales tax laws were approved by lawmakers late last week. The […]

Donor-Advised Funds: Are They the Right Tool for Making Your Charitable Donations?

On December 22, 2017, the Tax Cuts and Jobs Act of 2017 1 (the Tax Act or TCJA) was enacted. […]