Nonprofit Blog

The latest finance, accounting, tax, audit and software news uniquely tailored for the nonprofit industry – private schools, foundations, museums, animal/environmental/social welfare, and church or faith-based organizations. Follow for the latest nonprofit trends, rule changes, best practices and free educational offerings.

Monday, April 4, 2016

Gearing Up for a Higher Minimum Wage: Part 2

Is Your Nonprofit Ready For Higher Minimum Wages? In the first part of this blog series, we looked at the impact of Los Angeles County’s new minimum wage law on area nonprofits. If you remember, the minimum wage in LA is scheduled to rise from $10 to $15 over the next four years. The next …

Friday, April 1, 2016

Gearing Up for Higher Minimum Wage: Part 1

Living Wages and Your Nonprofit In theory, the new minimum wage laws being adopted by an increasing number of California municipalities should be something that all of us involved in the nonprofit sector can get behind. Living-wage advocates make the case that higher pay lifts workers out of poverty and pumps dollars back into the …

Tuesday, September 13, 2011

Proposed Change to Limit Individual Charitable Deductions

President Obama submitted his American Jobs Act to Congress this week. One of the main tax items proposed is to limit the itemized deduction, which includes charitable deductions, to 28% of a taxpayers’ taxable income. This would apply to joint filers with adjusted gross income over $250,000 and single filers with adjusted gross income over …

Monday, August 8, 2011

Proposed Bill Would Encourage Charitable Giving

The “Public Good IRA Rollover Act of 2011″, a new bi-partisan bill that has been introduced in the U.S. Senate would have an enormous effect on charitable giving. The current law, set to expire at the end of 2011, allows donors who are age 70 1/2 or older to roll over up to $100,000 (up …

Tuesday, July 19, 2011

Hospitals Get Incentives for Electronic Health Records

The Medicare and Medicaid EHR Incentive Programs provide incentive payments to eligible professionals, eligible hospitals and critical access hospitals (CAHs) as they adopt, implement, upgrade or demonstrate meaningful use of certified EHR technology. Guidelines to help assure that the right technology is in place and that critical compliance dates are on the calendar can help …

Friday, July 1, 2011

Improving Your 403(b) Plan

The second year of auditing 403(b) plans is in full force! Plan sponsors are still working hard to ensure that they are complying with the new laws and regulations. Here are some questions to consider as you work towards improving your plan: 1) Are employee contributions being remitted to the plan as soon as they …