WRITTEN BY JOHN BROTHERS CREATED ON WEDNESDAY, 02 OCTOBER 2013 According to various experts and recent federal government guidance, nonprofit organizations receiving federal government funding should pay attention to several important areas. Alicia Schoshinski, a senior HR consultant writing for an online service called Nonprofit HR, states, “There is still a lot of uncertainty surrounding this issue (federal […]
WRITTEN BY PAUL T. HOGAN CREATED ON WEDNESDAY, 02 OCTOBER 2013 “Begin with the end in mind.” The second of Stephen Covey’s famous “7 Habits of Highly Effective People” carries cartloads of implications for anyone planning pretty much anything. Knowing what is ultimately to be achieved guides every decision at every point along the way, and, most […]
WRITTEN BY EILEEN CUNNIFFE CREATED ON MONDAY, 22 JULY 2013 15:04 The nonprofit board is a funny animal, perhaps not optimally designed for success. I once heard it described as the only team sport in which the team never gets to practice—yet every time they show up, it’s game day, and the action is live. The governance […]
In a decision announced on July 2, the Obama administration has decided to postpone the employer mandate for companies with 50 or more employees until 2015. The mandate was previously set to go into effect on January 1, 2014. The mandate is now scheduled to go into effect in January 2015 for employers to offer […]
Fundraising is the lifeblood of most nonprofits. It’s provides you with your revenue or funding to implement initiatives that advance the mission of your organization. There are an almost unlimited number of ways a non-profit organization can go about raising funds. And while many of them may have merits, it is critical for any organization […]
Is the IRS Targeting of Conservative Groups a Threat to the Nonprofit Sector? Michael Wyland believes so, and details why in the latest Nonprofit Quarterly. All individuals and groups should be treated equally under the law. In this case, that includes how their Form 1024 applications for tax-exempt recognition as 501(c)4 “social welfare” organizations are […]
Will Combined Federal Campaign donors be more eager if they believe 100% of their dollars go to charitable operations rather than OPM’s operating costs? In light of Ruth McCambridge’s newswire that participation and donations in the Combined Federal Campaign have been on the decline for the past three consecutive years, the news from President Obama’s […]
On January 1, 2013, Congress passed, and President Obama signed the next day, the American Taxpayer Relief Act. The new law includes some valuable business tax incentives. Many of these business tax incentives are temporary so taxpayers have a limited window in which to maximize their potential tax savings. Tax rates Depending on how a […]
Although Congress averted many of the consequences of a possible tumble over the fiscal cliff with last-minute action, we would like you to be aware of the impact of the bill that was passed — known as the American Taxpayer Relief Act of 2012 — signed into law Jan. 2. We have compiled an overview […]
The Health Care and Education Reconciliation Act of 2010 (the Health Care Act) imposes a new 3.8% Medicare tax on investment income for individuals, trusts and estates. This new surtax is scheduled to begin in 2013. We have provided below a summary of the impact to individuals, trusts and estates. In addition, we have provided […]
Squire, Lemkin + Company, LLP is a Rockville, MD accounting firm providing audit, tax, accounting and not-for-profit consulting services to companies across the East Coast. Our firm has expertise in not-for-profit Organizations, Entrepreneurial Businesses, Professional Service Firms, High Net Worth Individuals, Estates and Trusts, Employee Benefit Plans and Individual Tax Returns.
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