Post-Election Outlook for Global Intangible Low-Taxed Income (GILTI)
Learn more about why it's important to understand the GILTI calculation and how it specifically interacts with your foreign corporate investments.
Navigating Compliance and Regulatory Risks for Nonprofits
Nonprofit organizations have unique missions and purposes, often dedicated to bettering society. However, even the best-intentioned organizations can face significant compliance and regulatory risks if they’re not proactive in managing their responsibilities. Explore three major areas of compliance risk and strategies to help nonprofits navigate them effectively.
Navigating Strategic Risk in Nonprofit Organizations
Three major areas where strategic risk commonly arise for nonprofits are the inability to adapt to external shifts, the misalignment of programs with the organization’s mission, and a lack of innovation. Here’s a closer look at each, along with strategies to help nonprofits thrive despite these challenges.
The IRS Is Lowering Interest Rates: Now What?
In mid November, the IRS announced that interest rates will decrease by a percentage point for the calendar quarter beginning January 1, 2025. Learn more about what that means for individuals and corporations.
Mitigating Legal Risks in Nonprofit Organizations: Key Areas to Address
Nonprofits are exposed to legal risks that could have substantial financial and reputational impacts. Recognizing and managing these risks is crucial to maintaining trust with funders, partners, and the communities served. Here’s a look at three common areas of legal risk for nonprofits and how they can be effectively mitigated.
Key Considerations for Choosing a New Auditor in 2025
What are the key qualities organizations should be looking for in an auditor today? As businesses navigate the challenges of 2025, the role of auditors has expanded. Auditors now play a crucial part in addressing areas like cybersecurity, risk management, and strategic planning, beyond traditional financial reporting and compliance.
2025 Limits for Retirement Plan Contributions
The IRS released Notice 2024-80 on November 1, 2024 announcing the new contribution and benefit limits for 2025.
Maximizing Virginia’s Historic Rehabilitation Tax Credit
The Historic Rehabilitation Tax Credit (HRTC) Program in Virginia offers significant financial incentives for restoring historic structures. By meeting the Standards, property owners can reduce their income tax liability, claiming up to 45% of eligible rehabilitation expenses—20% from the Federal government and 25% from the State.
OMB Compliance Supplement: What to Know about Part 7
Single audits are essential for ensuring that organizations managing federal funds adhere to compliance requirements. While many programs are covered by specific rules in the OMB Compliance Supplement, others are not, requiring auditors to rely on Part 7 of the supplement. Learn more on what you should know about Part 7.
Managing Programmatic Risk in Nonprofit Organizations: Key Considerations for Success
Nonprofits face specific risks that can impede their ability to succeed. Among these are programmatic risks—issues that arise when program outcomes are not met, service quality falls short, or demand for services changes unpredictably. Let’s dive into the essential programmatic risks nonprofits face and strategies to address them.