Death and taxes: Critical opportunities for nonprofits
With the American population aging, postmortem contributions are critical opportunities for nonprofits to receive charitable contributions
Audit Requirements for Licensure as a North Carolina General Contractor
When applying for licensure as a North Carolina general contractor, understand the requirements of the North Carolina Licensing Board for General Contractors (the Board), what questions arise at the mention of an audit or agreed-upon-procedure (AUP).
Form 990-Series: A Guide for Tax-Exempt Organizations
Tax-exempt organizations operating on a calendar year-end (December 31) are reminded to prepare their Form 990-series returns or secure an extension before the May 15th deadline. Timely submission is essential to uphold tax-exempt status and ensure compliance with IRS regulations.
How to Read and Rely on a SOC 1 Report as a Government Contractor Plan Sponsor of an Employee Benefit Plan
Understand how to read and rely on a SOC 1 report as a Government Contractor Plan Sponsor of an Employee Benefit Plan.
Can You Replace a SIMPLE IRA Plan with a 401(k) Plan Mid-Year?
There are several reasons to replace a SIMPLE plan with a 401(k) Plan. Learn how it can provide greater deferral limits, a vesting schedule for discretionary employer contributions, and plan design flexibility.
How to Use Tech and AI to Enhance Private Club Membership Appeal for Prospective Members
Private clubs are enhancing their appeal to both current and prospective members by using AI and other emerging technologies. In this article, we’ll begin with the low-hanging fruit and proceed to the more adventurous items as we go.
Breaking Down the Upcoming 2023 Plan Year Employee Benefit Plan Audit Requirements for Government Contractors
Change is ongoing in the world of employee benefit plans, and this year is no different. With these plans becoming increasingly complex and heavily regulated, it is crucial for government contractors to stay updated on the latest audit requirements.
Nonprofit Records Retention Policies
Whether your organization is creating or updating its records retention policy, make sure you know how long to keep dozens of different documents, plus learn tips for creating an effective policy.
Understanding the DCAA Audit: A Comprehensive Guide for Government Contractors
As a government contractor, it is crucial to understand the intricacies of DCAA's processes, as it can be beneficial to your survival and success in the federal market. In this extensive guide, we aim to demystify the DCAA, its role, and how you, as a contractor, can turn the DCAA audit process into a constructive partnership rather than a foreboding encounter.
Choosing an Auditor for Your Employee Benefit Plan (EBP)
Learn about the IQPA audit report requirement for large employee benefit plan and what determines if the plan is large or small.