Government Contracting Basics: Pros and Cons of Doing Business with the Government
If you're thinking about pursuing government contracts, it's important that you weigh the pros and cons carefully to make an informed decision.
Signs an Organization May Be Headed for a Potential Single Audit
Many organizations may not be aware they’re subject to a single audit. It can help to look at similar scenarios to determine compliance requirements when accepting funds greater than $750,000.
Guidance for Contractors Who Use Per Diem
Construction contractors can use the temporary 100 percent business meals deduction for per diem expenses. Rate changes are in effect as of October 1, 2021. Contractors may want to review their expense reimbursement policies.
Navigating Nonprofit Labor Shortages: Strategies and Opportunities
Labor shortages are hitting nonprofits harder than most industries. Strategies to address this challenge don’t have to include higher wages; there are several other potential options, like culture, recruiting, contract workers, tax credits, and more.
Keep Your Labor Rate Compliant and Competitive!
The standard calculation of a proposed hourly rate for an exempt salary employee encompasses dividing the individual’s salary by the standard 2,080 work hours per year. However, there is a way you can make your hourly rate more competitive and FAR compliant at the same time.
Excess Real Estate Losses Could be Permanently Eliminated in Build Back Better Act
The Build Back Better Act contains a lesser-known tax proposal to permanently eliminate certain excess business losses. Especially for rental real estate owners, the effect is potentially substantial.
Latest Edition of Clubs in Town & Country Reveals Club Trends
Download our 2021 benchmarking report which reveals future trends impacting country and city clubs including club revenue, expenses and cybersecurity issues.
New Schedule A for Form 990T
The IRS has overhauled the 2020 Form 990T “Exempt Organization Business Income Tax Return” and created a new Schedule A “Unrelated Business Taxable Income From an Unrelated Trade or Business” to allow reporting of separate unrelated business activities.
The Impact of November 2021’s Elections on Nonprofits
Election years can create uncertainty for nonprofits, even off-years and midterm elections. This article explores factors that are impacting nonprofits and what they can do to stay ahead of changing legislative priorities.
Federal Contractors on the Hook for Cybersecurity Readiness
In another demonstration of the federal government’s commitment to cybersecurity, the DOJ released details of its Civil Cyber-Fraud Initiative. Here’s how contractors can comply.