The Affordable Care Act, or Obamacare, became law in 2010. With this law came annual changes that are built into the law as written, as well as changes from Executive Orders, and through legal channels such as Congress and the Supreme Court. With each new change, our lives as US citizens are impacted. The ACA […]

By Donna Bernardi Paul, SPHR, SHRM-SCP It’s common knowledge that with limited resources, recruiting for nonprofit roles can be especially challenging. But it’s important that nonprofit executives don’t overlook best practices for effective recruiting, as it’s people who are behind an organization’s mission, and are critical to its success. While the challenge is great, the […]

By Mike Sorrells, CPA The Protecting Americans From Tax Hikes Act of 2015 (the Act), which was signed by the president on Dec. 18, 2015, contains many provisions that directly affect tax‑exempt organizations. Many recent tax provisions have been so-called “extenders,” which required passage of legislation annually in order for them to continue to remain in […]

By Kurt Miller, CPA Public sector employers, get ready. First you recorded net pension liabilities, now net OPEB liabilities. The Government Accounting Standards Board (GASB) Statement No. 74, Financial Reporting for Postemployment Benefit Plans Other Than Pension Plans, revises current guidance for financial reporting of most government OPEB plans. GASB Statement No. 75, Accounting and […]

By Laura Kalick, JD, LLM in Taxation Fifty-five percent of organizations applying for 501(c)(3) status in fiscal year 2015 applied using the new Form 1023-EZ. But the National Taxpayer Advocate, part of the Taxpayer Advocate Service (TAS), recently released a report to Congress indicating that the new form appears to have significant problems and that the Internal […]

Written by Michael A. DiMayo, CFP, CLU, ChFC & Kevin E. Myers, CPA, M.S. Taxation Principals of Oxford Risk Management Group, Michael A. DiMayo, CFP, CLU, ChFC and Kevin E. Myers, CPA, MS, explain the key industry considerations for CPAs Anyone interested in captives is probably aware by now that captive insurance companies made the IRS “Dirty Dozen” list posted last […]

An outside payroll tax service can relieve your business of many of the burdens in the preparation, filing and reporting of your payroll related obligations. NJ payroll taxes pose reporting requirements to businesses of all sizes. Large companies have payroll departments devoted to taking care of a business' payroll and employee benefits needs. Small and […]

By Tanya Erbe and John Yoak Many states have implemented incentive programs to offset the costs incurred by manufacturers who integrate sustainability initiatives in order to better the communities in which they work, live and play. The nature of these incentive programs varies by state and is generally tailored to a specific environmental issue. For those manufacturers […]

By Jeffrey Saltzberg, J.D. As not-for-profit organizations try to meet the growing needs of members and non-members by selling products and services delivered via the Internet, they may not realize that such products and services are subject to sales and use tax in a number of states. If the organization has nexus in one or more of […]