HR Compliance Alert for Nonprofits

HR Compliance Alert: The Department of Labor’s final ruling regarding the salary threshold for exempt employees under the Fair Labor Standards Act (FLSA) has been released. Effective July 1, 2024, the annual salary threshold for exempt status will increase from...
Thinking Ahead to Your Next Form 990

Thinking Ahead to Your Next Form 990

The deadline for most nonprofits to file Form 990 with the IRS (May 15, 2024) has come and gone. Assuming your organization operates on a calendar-year tax basis and filed its Form 990 on time, you probably don’t want to think about tax reporting again until next...
Nonprofits: Act Thoroughly on Audit Findings

Nonprofits: Act Thoroughly on Audit Findings

External audits can help assure your nonprofit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational fraud. Often, audit reports contain recommendations...