- June 15, 2023
To control expenses and improve delivery of your not-for-profit’s services, there are four key ratios that should be monitored regularly.
Olsen Thielen Advisor Blog
- June 14, 2023
Even if your nonprofit has implemented solid internal controls, occupational fraud can strike. However, a fraud recovery plan can help reassure stakeholders and get your organization back up and running.
- June 13, 2023
Charitable auctions can be an effective way for nonprofits to raise funds. But they can also trip up nonprofits (and donors) that don’t follow tax rules. Here are some of the most important issues.
- June 13, 2023
These days, many businesses are filling vacant positions and saving money by using independent contractors. Here are the basic rules to help keep you out of trouble with the IRS.
- June 12, 2023
Education benefits help attract, retain and motivate employees. One popular fringe benefit is an education assistance program that allows employees to continue learning and perhaps earn a degree with financial assistance from their employer.
- June 12, 2023
There is a way to make business losses less painful. Using the federal tax code may help soften the blow by allowing businesses to apply losses to offset taxable income in future years, subject to certain limitations.
- June 12, 2023
C corporation owners: To keep your compensation tax deductible, you need to ensure it’s “reasonable.” Otherwise, it could be deemed a dividend. Here are four steps to take.
- May 31, 2023
No matter your not-for-profit’s mission, you can probably use data analytics to help uncover root causes of seemingly intractable problems, predict outcomes, boost efficiency and improve transparency.
- May 31, 2023
A mistake while filling out beneficiary forms can cause the form to be deemed invalid or may cause account holdings to be dispersed in a way not intended by the account holder and beneficiary forms on accounts such as IRAs supersede your last will and testament.
- May 30, 2023
Shortages in accountants and increasing workplace demands for remote options are forcing organizations to take a closer look at their software and technology platforms and are strongly suggesting a push to cloud accounting platforms.
- May 30, 2023
The IRS has announced the inflation-adjusted 2024 HSA Amounts. Here they are, along with the benefits of Health Savings Accounts (HSAs).
- May 17, 2023
The SECURE Act 2.0 was signed into law on December 29, 2022. It covers numerous changes to retirement provisions that affect individuals. The provisions are intended to increase retirement savings; facilitate access to retirement savings; and provide employees the opportunity to save more and longer for retirement, at a lower cost.
- May 17, 2023
The SECURE Act 2.0 was signed into law on December 29, 2022 and covers numerous changes to retirement provisions that affect employers and lower their cost of offering and funding retirement savings plans.
- May 12, 2023
Effective altruism advocates high-impact philanthropy, but its risks may outweigh its rewards. Here’s what nonprofits should know before partnering with an effective altruist.
- May 12, 2023
It’s critical to maintain your nonprofit’s publicly supported charity status. Certain organizations, including universities and churches, automatically qualify as public charities. For other nonprofits, you must pass certain tests.