Nonprofit organizations with 501(c)(3) status may be exempt from federal (and possibly state) income taxes. However, this does not mean that these organizations cannot be audited by the Internal...
The board of a nonprofit organization has tremendous responsibilities. Board members should ardently support the organization’s purpose, but zeal is not the only important quality. Diversity among...
The Accelerating Charitable Efforts Act was introduced in 2021 as a proposed means of reforming tax laws related to charitable donations, private foundations and Donor-Advised Funds (DAFs). For...
The Consolidated Appropriations Act (CAA) of 2023 became law on December 29, 2022. The law provides a total of $1.7 trillion for government projects spanning 12 appropriation bills and covering every...
The U.S. Department of Treasury released the General Explanations of the Administration’s Fiscal Year 2024 Revenue Proposals, commonly known as the “Greenbook,” on March 9, 2023. This document...
Inflation and increasing interest rates have made many people nervous in a wide range of industries. Ongoing struggles that began with the COVID-19 pandemic, such as supply chain issues, only add to...
Cybersecurity is a major concern for almost every industry, with each industry dealing with its own unique risks. For the construction industry, cybersecurity – and the lack thereof – can affect...
