If your non-profit relies heavily on a few funding sources — for example, an annual government or foundation grant — what happens if you suddenly lose that support? The risk may be compounded if you generally spend every penny that comes in the door and...
It is not uncommon for businesses to sometimes generate tax losses. But the losses that can be deducted are limited by tax law in some situations. Starting this year, the Tax Cuts and Jobs Act (TCJA) further restricts the amount of losses that sole proprietors,...
You have internal controls to fraud-proof your company’s checks. Every check requires two signatures, and one of them must be yours. Sure, you have a signature stamp to make the job easier on your hand, but it is locked in your office when you are...
In 2014, a new accounting standard on how to recognize revenue from contracts was issued by the Financial Accounting Standards Board (FASB). Now the IRS is allowing a new automatic change in accounting method for businesses to use to conform with the new financial accounting...
Employees do not always fill out their W-4 forms accurately. For example, some may wrongly write ‘exempt’ on the withholding portion of the form to make sure that no federal or state tax is withheld. Others may be inadvertently underwithholding because of recent tax law...
Typically, bond funds with low yields have relatively low risk. That does not mean that these funds are riskless, though. With interest rates expected to rise this year, all types of bond values could drop, leading to an overall pullback in the prices of bond...
When business people speak of innovation, the focus is usually on a pioneering product or state-of-the-art service that will ‘revolutionize the industry.’ However, innovation can apply to any aspect of your company — including customer service. Many business owners perceive customer service as a fairly standard...
The relatively new federal procurement standards significantly alter the way non-profits receiving federal funding handle purchasing. And while your organization may have changed its written policies to comply with the revised standards, it may be easier to follow the rules on paper than in practice. Summing...
Among Baby Boomers (age 52 and older), 46% considered delaying retirement beyond the original target date in 2017. In 2015, the percentage was 47%. By comparison, 41% of Millennials (age 18–35) considered such a delayed retirement in 2017, up from 30% in 2015....
In many parts of the country, summer is peak season for selling a home. If you are planning to put your home on the market soon, you are probably thinking about things like how quickly it will sell and how much you will get for...