Investment fraud has become a significant threat to nonprofits, with criminals posing as legitimate advisors to gain control of assets. Nonprofits should be cautious of unrealistic promises and ensure their advisors are transparent, accessible, and subject to outside audits.
Read MoreManufacturing companies face the challenge of attracting and retaining skilled employees in today's competitive labor market. To stand out, they must build a compelling employer brand that emphasizes career growth opportunities, investment in technology, and a commitment to employee well-being.
Read MoreCorrectly classifying workers as either employees or independent contractors is crucial to avoid costly consequences such as audits, back taxes, penalties, and lawsuits. Guidance is provided on understanding worker classification, the implications of misclassification, and the cautious use of Form SS-8 to request IRS determinations.
Read MoreFederal, state, and local government agencies are subject to external audit requirements, so it’s in your agency’s best interest to practice something known as audit readiness.
Read MoreWhen a person dies, their estate is responsible for managing and settling their debts. The executor must take inventory of assets and debts, prioritize payments, and handle exempt assets and debt assumptions.
Read MoreUnrelated Business Income Tax (UBIT) is a tax imposed on income generated by nonprofit organizations from activities that are unrelated to their primary mission. Qualified sponsorship payments are not subject to UBIT, but if a sponsor receives substantial return benefits beyond acknowledgments, such as advertising, UBIT may apply.
Read More