Publicly traded companies must conduct fraud risk assessments but privately held businesses aren’t subject to the the same fraud risk assessment requirements.
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Corporate espionage involves the theft of information that hasn’t been made public and each year businesses lose billions of dollars in intellectual property (IP) from thieves stealing trade secrets.
Even if your nonprofit typically doesn’t have budge shortfalls, you may be looking for new funding sources and may want to consider cause marketing. Made possible via a partnership with a for-profit business, cause marketing can boost your budget, your public profile and even your volunteer base.
In order to preserve their tax-exempt status, nonprofit trade associations, or 501(c)(6) organizations, must sponsor, as well as avoid, certain types of activities as specified by the IRS, or they could be subject to IRS action which could include losing their exempt status.
A nonprofit board retreat is an opportunity for participants to get past the ordinary topics of regular board meetings and delve deeply into specific issues. Most board members lead busy lives and some may not be able to attend all meetings or possibly only attend via teleconference. A carefully planned meeting can bring everyone together in a relaxed setting, but to be successful, your retreat should be planned to the smallest detail.
Competition is intense for private and public grants to not-for-profits, so it is as important as ever to write a winning grant proposal. Submitting a sloppy and unprofessional grant proposal could undermine your efforts to receive adequate grant money.
According to the KnowBe4 Security Team (www.knowbe4.com), the bad guys are developing malicious apps with the hopes of making their way into your mobile device’s app store–and sometimes they’re successful. Recently, over 100,000 people across the globe downloaded applications containing spyware from a reputable app store.
Many organizations are holding virtual board meetings that allow board members to be present via phone and web-based applications instead of in person, face-to-face meetings. This option isn’t without obstacles, but it can ease board member attendance problems as well as help with recruitment challenges.
Prior to South Dakota v. Wayfair, businesses were not required to charge, collect, and remit state and local sales tax unless they had a physical presence in that state (employees, a store, a distribution center with inventory, etc.). However, our current Internet marketplace has dramatically changed our shopping habits. Customers who purchased taxable items online but who were not charged sales tax were expected to self-assess and pay use tax on their purchases, but rarely complied.
Telecommuting is a work arrangement in which an employee works outside of the standard office. The employee often works from home, either full-time, on certain days of the week or as the need arises. Telecommuting has become increasingly popular as employers seek new ways to provide a greater work/life balance for their staff, and help improve retention rates.
If your not-for-profit’s program lineup has remained unchanged for a couple of years, some of them might be due for replacement. Consider using the tradition of spring cleaning to review and update your offerings.
Many nonprofits struggle with technology because of smaller staffs and limited IT expertise. For them, “embracing the cloud” is a solution that’s easy to adopt, and could result in better control over technology costs and greater efficiency and productivity.
From the world of entertainment to Capitol Hill, allegations of sexual harassment have disrupted the status quo and made headlines at a remarkable rate. Meanwhile, on social media, the #MeToo movement has sparked widespread discussion.
For-profit businesses understand that it takes a lot more time and money to attract new customers than it does to keep current customers happy. The same can be said for your not-for-profit’s members. But there’s more to retention than cost savings. Long-time supporters help attract new members and are ideal candidates for leadership positions on boards and committees.
Many employers use background checks as a regular part of their hiring processes. If yours is a smaller organization, you may understandably feel pressured to hire good candidates quickly. After all, you don’t have the hiring resources of a larger organization and might really need the help. But, in today’s complex and often litigious working world, background checks remain highly advisable.