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More than six years ago, legendary singer Aretha Franklin died. However, it wasn’t until last year that a Michigan judge ruled a handwritten document discovered under her couch cushions was
According to non-profit BoardSource, non-profit boards that meet monthly should be able to cover all matters in one to two hours. If your board meetings last longer, they may be
Fraud is a damaging problem for organizations of all shapes and sizes. One broad type of crime that seems to be thriving as of late is invoice fraud. In the
As financial institutions prepare for the next fiscal year, budgeting should encompass not only financial forecasting but also operational efficiency, compliance, and technology enhancements. Below are key areas to evaluate
Working from home has become increasingly common. The U.S. Bureau of Labor Statistics (BLS) reports that about one out of five workers conducts business from home for pay. In certain
Manufacturers are as varied as the products they make. They come in different sizes and specialties. When determining their value, there is no universal formula that applies. Instead, a business
When drafting partnership and LLC operating agreements, numerous tax issues must be addressed. This is also true of multi-member LLCs that are treated as partnerships for tax purposes. Here are
For most employers today, the question isn’t which fringe benefits to sponsor for employees but which ones. Beyond the basics, such as health insurance and retirement plans, there are numerous
Public organizations are required to evaluate and report on internal controls over financial reporting using a recognized control framework under rules set forth by the Securities and Exchange Commission (SEC).
If your non-profit has investment income, dividends, interest, rents, and annuities, they’re generally excluded when calculating unrelated business income tax (UBIT). However, income from debt-financed property typically is taxable. To
Tax planning is only a small component of estate planning and usually not even the most important one for most people. The primary goal of estate planning is to protect
To help organizations maintain stability and profitability, they need to engage in some form of strategic planning. A recent survey by Travelers, an insurance giant, drives home this point. In
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