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End Purchase Order Chaos with a Structured Approval Process

Whether hiring contractors, buying equipment or paying vendors, many businesses struggle with the procurement process. Here are some tips for streamlining your company’s purchase order (PO) approval process. Benefits of a Formal Workflow POs create legally binding...

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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...

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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...

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Surprise Audits Are Proven to Fight Fraud

Four antifraud controls are associated with at least a 50% reduction in both fraud loss and duration, according to “Occupational Fraud 2024: A Report to the Nations” published by the Association of Certified Fraud Examiners (ACFE). They are financial statement audits,...

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Construction Companies Should Keep An Eye On AI

  Artificial intelligence (AI) has been receiving plenty of press coverage lately, some of it positive and some of it negative. The truth is, like many technological innovations, AI is both rapidly evolving and far from infallible. It does, however, have the...

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Are Your Volunteers Risking Legal and Tax Liability?

Comprehensive risk management is one of the primary responsibilities of nonprofit leaders. You probably regularly consider and act to mitigate risk to your facilities and assets and your staffers and clients. What about your volunteers? Even though the federal...

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