The Society for Human Resource Management is keeping everyone up to date on the Fair Labor Standards Act. Lisa Satonick, SPHR, SHRM-SCP summarizes:
As you may know, the final Fair Labor Standards Act’s (FLSA’s) overtime rule was set to go into effect Thursday, December 1. A federal judge in Texas put the brakes on the Department of Labor’s (DOL’s) new federal overtime rule, which would have doubled the FLSA’s salary threshold for exemption from overt Read More >>
Chris Eichmuller, CPA has information on a different way to make charitable donations:
Are you over 70 ½? Are you required to take distributions from your IRA? Are you a charitably-inclined person?
The recently enacted “Protecting Americans from Tax Hikes Act of 2015” contains a permanent extension of the popular rule allowing tax-free IRA distributions of up to $100,000 if donated to charity. The rule allows IRA owners who are 70-1/2 or older to direct up to $100, Read More >>
Al Harsar, CPA on the power of Giving Tuesday:
In just over a week, preparation for holiday season gift-giving will be in full swing. But what about focusing on something other than presents during this charitable time of year?
Giving Tuesday was a movement started in 2012 to set one day aside each year to promote charitable giving. The date chosen was the first Tuesday after Thanksgiving, and it has grown in popularity each year since. Giving Tuesday 2016 is Nove Read More >>
Mike Bigrigg, CPA/ABV recently gave a presentation on business valuations and succession planning. Here is what you need to know:
Two-thirds of businesses in the United States are owned by entrepreneurs over the age of 50. It is estimated that 10 million of those business owners will retire in the next 10 years. It is also estimated that 35% of those businesses will not sell due to poor succession planning. Only 1 in 4 closely held businesses have a formal success Read More >>
Susie Johnson gives a rundown of the benefits to outsourcing this important piece of your business:
Bookkeeping. Anymore, business owners look at this task as a chore that no one really wants to take the time to accomplish. However, if neglected, responsible financial decisions will be overlooked. There is a simple solution to this dilemma – outsource your bookkeeping operations! There are several advantages to outsourcing:
However, these challenges have solutions! Erin Currie, CPA shows the creative planning that must take place in the not-for-profit world:
In today’s not-for-profit world, it is extremely important to have your yearly budget in place and continuously reviewed. However, your strategic plan is what really holds the key to your future. Funding and staffing constraints can often limit a not-for-profit from reaching its full potential. A strategic plan allow Read More >>
