Keep Your Gear in Top-Notch Condition and Save Money
If your company has contracts for maintaining and servicing your equipment and vehicles, chances are, you’re spending more than you need to. A sure-fire way to save money is to hire your staff to do the work for you. Not only will in-house maintenance cut costs, it’s more convenient and boosts efficiency. For example, your business…
Tread Carefully If Firing an Employee on FMLA Leave
Deciding to terminate an employee is generally risky. But the risk level associated with terminating an individual who has requested leave under the Family and Medical Leave Act (FMLA) is markedly greater, as illustrated in one court case. Plaintiff Terminated The employer was a not-for-profit organization that provided programs and services to people with developmental disabilities….
Vulnerability Scanning and Penetration Testing Offer Tools for a Strong Security Posture
By Darren Hulem | Network Administrator Auditor In the movies, hackers sit in front of a computer typing a few lines of code and suddenly they have access to all of the victim company’s systems. While cybercrime does not happen like it is portrayed in the movies, it has become a common theme in recent…
A Practical Guide to Consolidation vs. Combination of Financial Statements for Nonprofits
By Carlos Hurtado, CPA | Nonprofit Audit Supervisor In recent years, nonprofit organizations have drastically changed how they structure their relationship with related organizations. The relationship of an organization and its related entities is not only important to their operational, programmatic and financial goals; it may also significantly affect the audit of their financial statements….
DC Tax-Exempt Organizations Should Proactively Renew Their Status for 2019
Starting January 1, 2019, the District of Columbia (DC) Office of Tax and Revenue (OTR) will begin to expire current DC tax-exempt status and require each tax-exempt organization to renew its exemption or be reclassified as a taxable entity. To ensure that your organization’s DC tax exemptions (including income, sales or property tax) do not…
Enterprise Risk Management (ERM) for Nonprofits & Associations: Where Strategy Meets Risk
It’s time to talk to your board about addressing risk to your organization’s strategy. Effective risk mitigation measures are no longer luxuries or only available to large enterprises. Tackling these critical issues together in a smart, coordinated way allows your organization to mitigate risk and plan for the future while also maximizing your resources and…
Classification of Workers: Could Section 530 Come to the Rescue?
The IRS and employers often are at loggerheads over the classification of workers as employees or independent contractors. Typically, many employers want to to treat workers as independent contractors, while the IRS often determines that workers are misclassified employees. Sometimes, the issue winds up in the courts. Fortunately, there might be a way for employers…
Watch the Language in Employee Handbooks
Your company needs an employee handbook or personnel manual to ensure that everyone understands the policies, procedures and rules. But improperly drawn, a handbook or manual can create a binding obligation that can be used against you. What you don’t want is for the documents to be interpreted as an employment contract. Keep that in…
An Easier Way to Screen Applicant Resumes
Screening job applicants is a cumbersome process but you can save time and money by making your company’s website an integral part of your recruiting strategy. How? Design an online career center and applicant screening program. You can hire a firm to handle the task, or if your company has skilled IT staff, you can…