When a nonprofit is new, it may struggle to find an adequate number of board members. But as it grows, its board is also likely to grow — sometimes, to an unwieldy size. The question is: How many directors does your organization need to effectively pursue its mission?...

Most not-for-profits encourage donors to make unrestricted contributions that will give the organization flexibility to use the money where it’s needed most. But there will always be some donors who place restrictions on their gifts — and these require a higher level of ...

Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But to help ensure your nonprofit can overcome obstacles, consider taking these three financial steps....

When structured and managed correctly, a commission program can boost employee compensation and morale. But it also can tempt salespeople to commit fraud. Here’s how to contain the threat....

It took the IRS years to issue any guidance related to cryptocurrency or virtual currency but in recent years a flood of guidance has come out and enforcement has stepped up in a major way....

Recently the prevalence and acceptance of virtual currencies has expanded dramatically. With buying and trading being simplified through trading on the Robinhood and Coinbase platforms, many people have added exposure to this asset class to their portfolios. At the same time...

On Monday November 15, 2021 President Joe Biden signed into law the $1 trillion dollar Infrastructure Investment and Jobs Act (“ACT”). The wide-ranging bill includes funding roads, broadband access and public transit are provisions that could greatly increase the complex...

Budgeting, like many other things, was generally easier before COVID-19. Even though the pandemic isn’t over and much remains uncertain, not-for-profits need to plan their financial needs and project financial resources. But you might be able to make the budgeting process ...

During the busy holiday season, not-for-profit executives may rely on staffers to purchase gifts and holiday party supplies for the organization. But before you hand over a credit card, you need to make sure that the employee is trustworthy and understands your nonprofit’s...

Among the biggest long-term concerns of many business owners is succession planning — how to smoothly and safely transfer ownership and control of the company to the next generation. From a tax perspective, the optimal time to start this process is long before the owner i...

Emily was a dedicated board member of her community’s most prominent social-services charity. But her commitment to the cause and the nonprofit’s programs didn’t prevent her from inadvertently violating the rule against excess benefit transactions. This happened when t...

In Notice 2021-61, the IRS recently announced 2022 cost-of-living adjustments to dollar limits and thresholds for qualified retirement plans. Here are some highlights:...