Knowledge and Insights: Newsletters
Tax Scams On The Rise – Identity Theft A Major Threat To Americans
Most Americans filed their 2015 tax returns by the extended April 18th deadline this year and will do their best to forget about taxes until they’re due again in 2017. However,…
Prevent Fraud With Stronger Consumer Profiling
When we hear the word fraud, our own personal ideas and experiences about it usually come to mind. An official definition of fraud as published by the Institute of Internal…
A Successful Business Requires Strong Governance
Begin With the Business Structure Good governance starts with the initial organization (or reorganization) of a business. For the sake of simplicity, we’ll focus on governance issues in the context…
Family Business Planning – Handing The Torch To The Next Generation
Every family business must transition control to the next generation someday. But will the next leader be another family member — or is there a better choice outside the family…
Why Sound Board Oversight is Essential to Your Organization
While not much these days shocks me, I am greatly disappointed when I learn that seemingly good organizations have gone off the rails. As co-leader of Mercadien’s Nonprofit Services Group,…
Is Your Nonprofit Addressing the New Cost Principle Reforms?
It’s not too late to get up to speed on new federal and state cost principles and other requirements for your federal and New Jersey grants. As you may be…
Protecting the Public Through Forensic Investigations
Recent headlines involving fraud, waste, and abuse within the public sector serve as constant reminders that conducting proactive audits in organizations are critical to cultivating success and accountability. These audits may uncover…
Avoid Common Nonprofit Financial-Reporting Errors
Nonprofit organizations tend to make almost two times more accounting errors on their public financial statements than similarly-sized for-profit companies; that is according to a study by an associate professor…
IRS Outlines Exempt Organization’s 2016 Priorities
The IRS Tax Exempt and Governmental Entities Division recently issued their 2016 priorities. Exempt Organizations (EO’s) overarching compliance strategy is to ensure organizations enjoying tax-exempt status comply with the requirements…
Impact of New Flood Insurance – What You Need to Know
The National Flood Insurance Act of 1968 and Flood Disaster Protection Act of 1973 (FDPA), as amended, govern the National Flood Insurance Program (NFIP). Among other things, these statutes require…