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Uniform Guidance compliance – Watch out for 3 danger zones
August / September 2022
Newsletter: Nonprofit Agendas
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Federal funding in response to the COVID-19 pandemic has meant that more nonprofits have found themselves subject to the Uniform Guidance for Federal Awards — the rules and requirements for obtaining federal grants. If they spent $750,000 or more in federal awards in a fiscal year, they’re also facing single audits, possibly for the first time. Even long-time recipients of federal awards can trip up when it comes to single audits. This article covers three areas nonprofits should watch closely to reduce the possibility of costly penalties and reputational harm.
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Are you ready for the new lease accounting rules?
Spring 2022
Newsletter: Profitable Solutions for Nonprofits
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: After a COVID-related delay, the new accounting standard for leases takes effect for all organizations (including nonprofits) that haven’t yet adopted it for 2022. The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) 2016-02, Leases (Topic 842), applies to all entities that lease assets such as real estate, vehicles and equipment. The new rules are codified in FASB Accounting Standards Codification (ASC) 842. This article provides an overview of what nonprofit lessees need to know, while a short sidebar covers the ramifications if the organization is the lessor.
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Attention business owners: It’s time to talk about estate planning
February / March 2021
Newsletter: Insight on Estate Planning
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: For many small business owners, estate planning may be the last thing on their minds, especially if they’re struggling to recover after a turbulent 2020. However, not only can estate planning help ensure that one’s objectives are met should they die unexpectedly or become disabled, it may protect the business. Also, an estate plan may provide a smooth transition to the next generation. This article details specific estate planning strategies for business owners.
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Multiple income streams: The key to sustainability
Fall 2019
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: When the so-called Great Recession hit the nation over a decade ago, many nonprofits found themselves struggling to stay afloat financially. Not all of them survived. It’s only a matter of time until the country enters another recessionary period, so now’s the time to ensure that organizational revenue streams are sufficiently diverse. This article offers strategies for varying revenue sources; a road map for diversification is presented. A sidebar discusses “big guy” donors and how the meaning of “major donor” varies by organization.
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What the new overtime rule could mean for your nonprofit
Summer 2016
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Recently, the Department of Labor issued its final rule raising the annual salary threshold for overtime pay — and there’s no exemption for nonprofits. This article summarizes the new regulations, which organizations are affected and how they should prepare for the effective date of December 1, 2016. A sidebar explains the duties test, which must be considered in addition to how and how much employees are paid when determining overtime eligibility.
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Fair value in shareholder disputes: Which adjustments are allowed?
November / December 2015
Newsletter: Advocate's Edge / Litigation Support
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: In disputes involving dissenting or oppressed minority shareholders, fair value is the sought-after standard of value. But, one of the most contentious issues when calculating fair value is: Which valuation adjustments apply? This article looks at that question, which was recently up for debate in a case decided by the Utah Supreme Court. A sidebar discusses a New York court that recently weighed in on the issue of shareholder-level marketability discounts in shareholder disputes. Utah Resources International, Inc. v. Mark Technologies Corp. (Utah 2014) Zelouf International v. Zelouf (N.Y. Sup. Ct. 2014)
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What social impact investing means for your nonprofit
Fall 2015
Newsletter: Nonprofit Observer
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Social impact investing has taken both the financial and philanthropic worlds by storm, yet many potential social impact investors are confused about what it involves. This article defines social impact investments — those that generate a measurable social and financial return — and explains how nonprofits can attract and educate investors. A sidebar looks at a new common accounting language for social impact investing: Impact Reporting and Investment Standards.
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Get a jump on succession planning
Spring 2015
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Baby boomers are now nearing or reaching what has traditionally been considered retirement age. For most dealership owners, retiring means selling their dealership or passing it on to family members. The key to doing this successfully is implementing a succession plan well in advance of the time they plan to retire. This article includes a discussion of how to launch the process and why now may be a good time to sell a dealership.
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Spy games – Did employer’s use of recorded conversation violate the Wiretap Act?
March / April 2011
Newsletter: Employment Law Briefing
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Employee discussions aren’t always kind to their employers. So one can imagine the dismay of an employee and former employee of a hospital when they learned that a recording of one of their conversations had wound up in the hands of their employer. The employees filed a lawsuit alleging violations of the Wiretap Act. This article shows the reasoning of the court in favoring the defendants on some issues and the plaintiffs on others. McCann v. Iroquois Memorial Hospital, No. 08-3420, September 13, 2010 (7th Cir.)
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Report cards for dealerships
Fall 2010
Newsletter: Auto Focus
Price: $225.00, Subscriber Price: $157.50
Word count: 832
Abstract: Many principles commonly applied to manufacturers — such as financial “report cards” and continuous improvement — also apply to dealers. This article describes metrics that proactive owners watch to stay ahead of the competition: return on assets, the customer service index, and productivity. A sidebar explains how a CPA gains intimate knowledge of how a dealership runs — and can use that knowledge to help the dealer make more money.