We are entering the giving season, and if making financial gifts to your loved ones is part of your plans — or if you wouldd simply like to reduce your capital gains tax — consider giving appreciated stock instead of cash this year. Doing so...
When employees commit fraud, it can take months, even years, for their employers to discover the theft. But proactive fraud detection makes it possible for businesses to detect fraud schemes earlier; long before they generate significant losses. Step by step Proactive fraud detection starts with identifying areas...
Many employers feel obligated to hand out holiday bonuses. If you have been distributing such checks for years, without regard to merit or longevity, maybe it is time to rethink this practice. Merit-based rewards Citing economic uncertainties or philosophical changes, some employers have done away with holiday...
Over time, many business owners develop a sixth sense: they learn how to ‘read’ a financial statement by computing financial ratios and comparing them to the company’s results over time and against those of competitors. Here are key performance indicators (KPIs) that can help you...
Some surveys indicate that more than 30% of all charitable giving occurs in December, and more than 10% of donations are made in the last three days of the year. The year-end holiday spirit may be a factor in the early winter philanthropy, but taxes...
It is that time of year; a time when you are not only trying to wind down the calendar in profitable fashion but also preparing year-end financials and contemplating next year’s budget. Amidst all this, you likely have an employee holiday gathering to plan. This seemingly...
If your new or fast-growing non-profit could use an extra pair of experienced hands, an association management company (ACM), with its turnkey infrastructure, might be able to help. AMCs are paid to manage your non-profit’s business, leaving you to concentrate on its mission. Business on their...
Baby boomers are delaying retirement. In the first quarter of 2017, the 55 and older age group had 4.8 percent job growth, more than any other age group. Key implications are that many older boomers still need to work, and there is strong demand for...
As the end of the year approaches, most of us have a lot of things on our to-do lists, from gift shopping to donating to our favorite charities, to making New Year’s Eve plans. For taxpayers “of a certain age” with a tax-advantaged retirement account,...
Because their cultures are oriented toward helping others, non-profits often find it impossible to imagine that anyone working for them would steal. As a result, too many neglect to put proper internal controls in place and, if they are defrauded, refuse to seek prosecution of...