Industry News

Nonprofit endowments can provide funding for programs and other budgetary items. And they can protect your organization from financial crises. Here’s how to manage this valuable asset for the long run.

When it comes to tangible property donations, value isn’t simply in the eye of the beholder. Generally, you must determine fair market value for tax and financial reporting purposes. Here’s how.

Want more time to focus on your nonprofit’s mission critical tasks? Learn how to delegate. Once you get the hang of it, delegation can improve the quality of your and your organization’s work.

January 31 is an important deadline for businesses with hired workers. Here’s what’s due.

You’ve probably heard about the new SECURE 2.0 law. Here’s what it might mean for your business.

Tucked into the Consolidated Appropriations Act of 2023 is a package of enhanced retirement benefits, otherwise known as the SECURE 2.0 Act. Here are some of the provisions.

How can retailers strike a balance between discouraging refund fraud and keeping legitimate customers happy? We discuss the problem of retail refund fraud and provide tips on limiting losses.

Do you know how to properly address intellectual property in your estate plan? It can be more complex than you think.

A power of attorney can come in the form of “springing” or “nonspringing.” Learn about their differences.

Employers: The success of your organization depends on the strength of its leadership. Prudently investing in leadership training can pay off in the long run.

Does your organization regularly engage the services of independent contractors? If so, be sure you’re keeping up with the tax reporting rules for these individuals.

Employers: Do you offer a 401(k) or other qualified retirement plan? The IRS recently issued inflation adjustments for 2023 that change many key dollar limits and thresholds.

Employers: The IRS recently issued cost-of-living adjustments for many popular fringe benefits. Here’s a sampling of the latest amounts.

As is the case for many businesses, your employees may leave copious amounts of PTO time unused at year-end. One way to mitigate this problem is to amend your 401(k) plan to include a PTO contribution program.

Does your company have an up-to-date business plan? It’s a good way to ensure that your strategic objectives are realistic and financially feasible.

In many industries, businesses must carefully balance inbound sales (customers call you) with outbound sales (you call customers). Here are some thoughts on maintaining the right equilibrium.

Your company’s accounting software might seem like an old friend, but it could be holding you back or even putting your data at risk. Here are some thoughts on deciding whether to upgrade.

What software does your organization use for its accounting needs? Here are answers to frequently asked questions about one of the most popular options: QuickBooks.

The project to merge U.S. and international accounting rules hasn’t completely been abandoned. Here’s how global accounting rule makers are continuing to collaborate to make worldwide capital markets more efficient.

Has your accounting method kept up with your financial needs? It periodically makes sense to evaluate how you’re reporting financial results and, when necessary, revise your approach.

Accounting for software costs is one of the gray areas in financial reporting. Fortunately, the FASB’s working on a project to simplify matters.