Risk Assessment: A Critical Part Of The Audit Process
Audit season is right around the corner for calendar-year entities. Here is what your auditor is doing behind the scenes to prepare — and how you can help facilitate the
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Healthcare Data Breaches Can Threaten Your Financial Well-Being
Like many sectors of the economy, the healthcare industry regularly suffers data breaches. Healthcare analytics company Protenus has found that nearly 32 million patient records were breached between January and
Do You Have A Side Gig? Make Sure You Understand Your Tax Obligations.
The number of people engaged in the ‘gig’ or sharing economy has grown in recent years, according to a 2019 IRS report. And there are tax consequences for the people
Keep Your Non-Profit Afloat With A Leadership Succession Plan
If your top executive were to step down tomorrow, would your non-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? Research by the
How To Protect Your Non-Profit’s Credit Cards From Misuse
A hypothetical non-profit staffer named Britney had maxed out her personal credit cards. So, when her car needed repairs, she reached for her employer’s card. She reasoned that she would
Parental Priorities: How To Choose A Guardian For Your Child
If you have minor children, arguably the most important estate planning decision you need to make is choosing a guardian for them should the unthinkable occur. If you have not
Can Employees Donate Unused Vacation Pay To Charity?
Like many employers, you may allow employees to carry over unused vacation pay from one year to the next. With the year winding down, and gift giving on the minds
Manage Your Working Capital More Efficiently
Working capital is the difference between a company’s current assets and current liabilities. For a business to thrive, its working capital must be greater than zero. A positive balance enables
When Limited Partners Suspect General Partners Of Fraud
Fraud suspicions are hard enough to investigate if you are a business owner and call the shots. But what if you are a limited partner (LP) in a business where
Medical Expenses: What It Takes To Qualify For A Tax Deduction
As we all know, medical services and prescription drugs are expensive. You may be able to deduct some of your expenses on your tax return, but the rules make it