October 21, 2020 Avoiding Conflicts of Interest With Auditors A conflict of interest could impair your auditor’s objectivity and integrity and potentially compromise you company’s financial statements. That’s why … Read More
October 19, 2020 Candid Communication Can Help Ease Nonprofit Staffer’s Anxiety It would be an understatement to say 2020 has been challenging. Leaders of not-for-profits still standing are justified in worrying … Read More
October 19, 2020 What Tax Records Can You Throw Away? October 15 is the deadline for individual taxpayers who extended their 2019 tax returns. (The original April 15 filing deadline … Read More
October 15, 2020 More Time: FASB Delays Long-Term Insurance Standard … Again On September 30, the Financial Accounting Standards Board (FASB) finalized a rule to defer the effective date of the updated long-term … Read More
October 15, 2020 Your Nonprofit May Have A License To Print Money In this pandemic year, many not-for-profits are scrambling to find new sources of revenue to replace donor contributions and other … Read More
October 12, 2020 Budgeting for Retirement There are all kinds of “rule of thumb” numbers floating around for how much income you’ll need in retirement, but … Read More
October 9, 2020 Plan Documents… Save or Purge? Many ERISA plan sponsors are unclear regarding a primary fiduciary responsibility concerning plan document retention (which and when documents may … Read More
October 9, 2020 Defined Contribution Recordkeeper Consolidation Continues Empower recently announced an agreement to acquire Mass Mutual’s retirement plan recordkeeping business. The acquisition is expected to capitalize on … Read More
October 8, 2020 There May Be Relief From Tax Liability For “Innocent Spouses” If you file a joint tax return with your spouse, you should be aware of your individual liability. And if … Read More
October 8, 2020 Gifts in Kind: New Reporting Requirements for Nonprofits On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash … Read More
October 7, 2020 Should You Reach Out to “Effective Altruists?” Effective altruism is commonly described as a philosophy that uses evidence and reasoning to determine the most effective ways to … Read More
October 2, 2020 To Roth or Not to Roth Many Defined Contribution retirement plan participants are uncertain as to benefits of allocating their contributions to traditional vs Roth options. … Read More
