The old adage, “One has to spend money to make money,” rings more true for profit-focused businesses than for community benefit organizations, but nonprofit leaders must still dedicate some financial…
Recent Insights
New Federal Overtime Rules: Where Do They Stand?
New overtime standards unveiled by the U.S. Department of Labor (DOL) last June made headlines due to the fact that it would expand overtime protections to an additional five million…
How to Prepare Now for Your Next Employee Benefit Plan Audit
For companies that provide benefit plans to employees, spring means annual audit season is around the corner. Though it’s not something most plan administrators look forward to, the audit can…
Why Your Nonprofit’s 990 is More Than Just a Tax Form
Completing the IRS Form 990 is an annual ritual for most tax-exempt organizations. Nonprofit leaders understand that this form transmits important financial and operational information to the federal government, but…
New Lease Accounting Rules: How Your Business Can Prepare
The days of using off-balance-sheet financing for capital purchases are over. As we explained recently on the blog, big changes are ahead for the financial statements of businesses, thanks to…