Nonprofit refresher course: Excess benefit transactions
Not only must your nonprofit avoid excess benefit transactions, but it also must prevent the appearance of private inurement to insiders. The repercussions can be serious. Learn more.
IRS ramps up compliance enforcement against certain businesses
The IRS has announced several tax-compliance initiatives that focus on businesses. Here’s a look at three of them.
7 ways construction companies can address materials costs
Construction businesses must continuously grapple with the fluctuating costs of materials. Let’s explore some strategies for winning the fight.
Strategic planning for businesses needs to include innovation
Business owners: If innovation isn’t part of your strategic planning, you could find yourself at a competitive disadvantage. Here are some ways to create an innovative company culture.
Planning an event? Don’t neglect sponsorships
Regardless of the type of event your nonprofit is planning, its financial success will likely depend on finding sponsors to help defray costs. We offer several best practices for securing support.
How construction business owners can make succession planning easier
Construction business owners: Do you have a viable succession plan in place for your company? Here are some ways to get started and make the process easier.
3 areas of focus for companies looking to control costs
Business owners: As you know, controlling costs is both fundamental and challenging. Here’s a look at three specific areas that are getting attention from many companies.
Outsourcing HR tasks can help understaffed, overworked nonprofits
What factors should your nonprofit consider when outsourcing HR work? We look at benefits and drawbacks of outsourcing, as well as what you need to do to make it successful.
How your board should evolve over your nonprofit’s life
Much like the nonprofits they support, boards of directors evolve over time. Or at least they should. Learn what nonprofit boards typically look like at different stages of an organization’s life.
Auditing warehouse operations
Auditing warehouse operations for inefficiencies can help improve productivity and boost profits. Experienced outsiders may be able to spot potential problems and suggest solutions that you haven’t yet considered.
Could a 412(e)(3) retirement plan suit your business?
Business owners: If you’re ready to sponsor a qualified retirement plan, and your situation meets certain criteria, the little-known 412(e)(3) plan may be an option. Details here.
Bookkeeping provides a solid foundation for financial reporting
Do you know the difference between bookkeeping and accounting? We’ll explain why your bookkeeper plays a key role in the long-term success of your business.