One of the topics talked about all year is how our tax system needs to be greatly improved and just this week, President Trump and [...]
“Why is our food and beverage operation losing money?” “Why are we budgeting to lose money in that area?” “My buddy earns a fortune running [...]
The IRS, through its revisions to Form 990, requires reporting by not-for-profits on a range of governance issues including board member “fiduciary duty” and their ability to gain the trust of their organization. What is fiduciary responsibility and what does it mean to the board of a not-for-profit?
Many employers sponsor retirement plans to benefit their employees. While there are a variety of plans to choose from, one of the most popular options [...]
Troubled Debt Restructuring (TDR) accounting has some of the most difficult accounting rules to interpret, primarily because they are subjective in nature.
The federal government is, by law, exempt from paying state and local taxes. However, this exemption does not apply to organizations with federal or state government contracts, [...]
Equifax, one of the three main credit reporting companies, announced last week that the personal information of 143 million people was exposed in a data breach – one of the largest in U.S. history.
Although many private golf and country clubs turned a corner in 2016 and began to attract more members, overall membership and revenue have still not [...]
Fox Business recently ran an article on a creative way non-for-profit universities have been raising funds. (See the article here). As a basic summary, universities have [...]
Virginia Announces Amnesty Period to Start September 13. Virginia taxpayers have an opportunity to “come clean with the tax man” as the Virginia Department of [...]