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Five Questions Your Audit Committee Should Ask Now

Five Questions Your Audit Committee Should Ask Now

by Mary Doherty | Jun 30, 2020 | Business Planning, News

Establishing Your Company’s Risk Appetite

Establishing Your Company’s Risk Appetite

by Mary Doherty | Jun 30, 2020 | Business Planning, News

The Committee of Sponsoring Organizations of the Treadway Commission (COSO) recently published new guidance on how companies can promote “risk appetite” as part of decision-making. It’s especially relevant in today’s uncertain marketplace. Digesting the New Guidance...
Employee Benefit Plan Flexibility — with a Catch

Employee Benefit Plan Flexibility — with a Catch

by Mary Doherty | Jun 25, 2020 | Business Planning, News

Regaining Your Tax-exempt Status if You Failed to File Form 990s

Regaining Your Tax-exempt Status if You Failed to File Form 990s

by Mary Doherty | Jun 25, 2020 | Nonprofit

There are many ways for a nonprofit organization to lose its tax-exempt status — including participating in lobbying and campaign activities, receiving excessive unrelated business income and allowing board members to financially benefit from their positions. But the...
Asset Impairment Is Expected to Hit 2020 Financial Statements

Asset Impairment Is Expected to Hit 2020 Financial Statements

by Mary Doherty | Jun 23, 2020 | Business Planning, News

Some companies are expected to report impairment losses in fiscal year 2020 because of the COVID-19 crisis. Depending on the nature of your operations and assets, the pandemic could be considered a “triggering event” that warrants interim impairment testing. Examples...
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