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#KPMCPAs Welcomes (And Welcomes Back) New Members of #TeamKPM!

#KPMCPAs is excited to welcome two new team members, Veronica Shultz and Kort Farran, and welcome back one former team member, Sherry Michau! Sherry rejoins the #KPMTax team as a

Board Committees Sudden Wave Of Support Non-Profit Restructuring Inflation Reduction Mission changes Reimbursement Policy Protecting Your Non-Profit Against Financial Threats Non-Profit Retirment Plan Look Internally To Fill Non-Profit Guide To Planned Giving Financial Statement Auditing Process Flexible Budget Rules Of Form W-9 Potential Obstacles Of Going Global Advertising Payments To Non-Profits Searching For New Staffers Operate Your Non-Profit 501(c)(6) Board Meeting Minutes Planned Gifts Diversity For-Profit Subsidiary IRS Compliance Merging Non-Profits Return a donation Internal Controls Term Limits Pay transparency Accountable Plan Fundraising Disaster Plan Audit Conflict-Of-Interest HR Function Volunteer Risk non-profit tax reporting Cryptocurrency Donations Culture

When Should You Pay Non-Profit Board Members?

Most for-profit companies compensate the directors who serve on their boards, whereas non-profit board members generally serve on a voluntary basis. However, there are circumstances in which you might want

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Weighing The Risks Vs. Rewards Of A Mezzanine Loan

To say that most small to midsize businesses have at least considered taking out a loan this year would probably be an understatement. The economic impact of the COVID-19 pandemic

#KPMSpeaks at the IMA Heartland Regional Council Virtual Conference

#KPMSpeaks at the Institute of Management Accountants (IMA®) Heartland Regional Council Virtual Conference on Thursday, September 24! #KPMCPAs Manager Josh Brock, CPA and Supervisor Mike Nelson, CPA will provide corporate

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Health Care Power Of Attorneys Are Essential Elements Of Estate Plans

What happens if illness, injury, or age-related dementia renders you unable to make decisions or communicate your wishes regarding your health care or financial affairs? Unless your estate plan addresses

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Factoring Fraud Risk Into A Business Valuation

Business value is a function of risk and return. This is why, when appraising companies, valuation experts are always on the lookout for fraud risks. Although valuations typically are not

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COVID-19 Testing, Diagnostics Not Minimum Essential Coverage

In Notice 2020-66, the IRS recently determined that Medicaid coverage limited to COVID-19 testing and diagnostic services is not minimum essential coverage under a government-sponsored program. Thus, an individual’s eligibility

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How To Report COVID-19-Related Debt Restructuring

Today, many banks are working with struggling borrowers on loan modifications. Recent guidance from the Financial Accounting Standards Board (FASB) confirms that short-term modifications due to the COVID-19 pandemic will

Using Lifestyle Analysis To Find Hidden Income & Assets

Forensic accountants have many tools to help them find evidence of hidden assets or fraud. But one of the most effective, particularly in divorce matters or legal disputes with former

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Business Website Costs: How To Handle Them For Tax Purposes

The business use of websites is widespread. But surprisingly, the IRS has not yet issued formal guidance on when Internet website costs can be deducted. Fortunately, established rules that generally