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Lumsden McCormick Firm News

Exempt Organizations Newsletter | October 2023

Exempt Organizations Newsletter

October 2023

We share the IRS rules for employee expense reimbursements, the value of board member term limits, and safeguards to avoid fraud risks, plus more and a chance to win Buffalo Sabres tickets.

Reimbursing Expenses for Nonprofit Employees

Understand the IRS rules with an accountable plan to reimburse employees for expenses paid.

Is Trust a Fraud Risk for your Nonprofit Organization

It is not unusual for nonprofit organizations to trust employees, that along with loose internal controls can put your organization at risk.

Pros and Cons of Nonprofit Board Term Limits

Board limits are a best practice regardless of your organizations size and structure.

Download the Exempt Organizations 2022 Salary Survey

Now available, the 2022 Lumsden McCormick Exempt Organizations Salary Survey published in August 2023.

2023 Exempt Organizations Conference Announced

The 2023 Conference will be held on November 30 and December 1. Registration opens on November 1, 2023.

 

Read the full October newsletter.

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