Posts Tagged ‘education’
Protect Your Organization with an Effective Control Environment
At a glance: The full story: All organizations need to have some type of underlying internal control framework or system of internal control. Even very small non-profit organizations with just a few employees have processes that could contain reviews and/or approvals by management before transactions are entered into and posted to the accounting records. To…
Read MoreWhat do the 2019 cost-of-living adjustments mean for you?
The IRS has announced its 2019 cost-of-living adjustments to tax items that might affect you. Many of the amounts increased to account for inflation, but some remained at 2018 levels. As you implement 2018 year-end tax planning strategies, be sure to take these 2019 adjustments into account in your planning. Bear in mind that, under…
Read More5 Things to Know about the Tax Reform Effect on Nonprofits and Universities
The recent federal tax law affects virtually every U.S. individual and business on a level not seen in decades. For charitable organizations, the tax reform effect on nonprofits could be detrimental. The law includes measures that will impact nonprofits, significantly amplifying the need for such organizations to modernize operations. Organizations must re-evaluate their strategic plans to overcome…
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