Retirement and Late 401(K) Deposits Are a Big Deal
Dear Anna, Question: So we recently changed payroll companies and I just found out the new company hasn’t been remitting the employee 401(k) plan amounts [...]
Many Questions Remain After International Banking Heist
Tesco Bank, a Scotland-based bank and subsidiary of U.K. supermarket giant Tesco, recently blocked all online transactions tied to customers' checking accounts after money was [...]
DOL Overtime Rule Blocked
U.S. District Judge Amos Mazzant, a federal judge in Texas, granted a preliminary injunction blocking the U.S. Department of Labor (DOL) from implementing a controversial [...]
Is Your Non-Profit Prepared for the Growing Digital Threat?
If you follow the news cyberattacks are covered on an almost daily basis. Whether the victim is a mega chain store like Target, an international [...]
A Look at President-Elect Trump’s Tax Plan
President-elect Donald Trump’s tax reform plan was released earlier this year. The affects on businesses include: Reducing the top corporate income tax rate from 35% [...]
Nonprofit Reporting of Expense Allocations
Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (Topic 958), issued August 18, 2016 by the Financial Accounting Standards Board (FASB), [...]
The Basics of Temporarily Restricted Contributions
For some nonprofit organizations, contributions are a significant source of revenue. Proper accounting treatment for those contributions is key, which include tracking and monitoring restricted [...]