The Crucial Role of Cybersecurity for Nonprofit Organizations in 2025
As we step into 2025, the importance of cybersecurity for nonprofit organizations cannot be overstated.
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FinCEN Extends BOI Reporting Deadline and Plans Rule Revision
The Corporate Transparency Act is actively ongoing, and businesses are required to meet its mandates by March 21, 2025. Yet, the landscape is dynamic, with legal and political challenges unfolding that could influence how these rules are enforced.
Read MoreEnhance Cybersecurity Measures of Nonprofit Organizations with Penetration Testing
Penetration testing (pen testing) is crucial for nonprofit organizations to enhance their cybersecurity measures. It involves simulating cyberattacks to identify vulnerabilities, helping nonprofits protect sensitive data, maintain donor trust, and prevent financial losses.
Read MoreDetermining Excess Business Losses
There are complexities to federal income tax rules for individual taxpayers facing substantial business losses. We explain the disallowance rule for excess business losses, the limitations on deducting net operating losses (NOLs), and how these rules apply to partnerships, LLCs, and S corporations.
Read MoreEffective Cybersecurity Practices for State and Local Governments
In 2025, government agencies must prioritize cybersecurity with proactive risk management, rapid threat response, and continuous employee training to defend against a rising wave of cyberattacks.
Read MoreEnhancing Internal Controls to Prevent Fraud in Journal Entries
The PCAOB Audit Focus highlights the importance of robust internal controls, regular reviews, and increased accountability to prevent fraud and errors in journal entries. Emphasizing the use of technology and continuous training, the article provides key reminders and good practices for auditors to ensure compliance with regulatory standards.
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