Data breaches are a constantly increasing threat, and have already caused serious issues for companies, government agencies, and individuals when their data has been stolen. These attacks have been occurring with increased regularity. In 2020 alone, there were reportedly 1001 data breach cases in the United States, with 155.8 million
Every organization, no matter what its mission, should periodically measure how well it fulfills that mission and how effectively resources are being utilized in the process. While the specific metrics that each nonprofit adopts to assess its performance will differ, certain key ratios should be used to effectively measure overall
The Inflation Reduction Act (IRA), signed into law by President Biden in August 2022, is designed to help fight inflation, increase investment in domestic manufacturing and energy production, lower prescription drug prices, and sharply reduce carbon emissions by 2030. It also included new and expanded tax incentives designed to reward
Deadline Extended to August 7, 2020 The Wholesale / Distribution Compensation, Benefits, and Benchmarking Study is officially open for participation, with new benefits and incentives for participants. This comprehensive study is conducted every other year and provides invaluable benchmarking metrics to regional companies that operate in the Wholesale/Distribution industry, helping
On April 9, 2020, the Federal Reserve released guidance for the Main Street Lending Program, a new $600 billion fund aimed to protect credit flows to small and mid-sized businesses that were in good standing before the COVID-19 pandemic. About the Main Street Lending Program This program is designed to
Avoiding Hefty Tax Penalties on Foreign Returns Tax time is especially complex when you operate or earn revenue in more than one country. And getting it right is critical, because mistakes could be quite costly. Fail to turn in a complete and accurate foreign information return on time and you’ll
If you received a Form 1099-G for unemployment benefits in 2020, you should immediately verify that the amount reported matches the amount of benefits you received. There may be a variance, or you may have received a Form 1099-G showing unemployment benefits though you never filed an unemployment claim. Scammers
Mental Health Awareness Month is designed to fight stigma, provide support, educate the public, and advocate for policies that support people with mental illness – and their families. With so many non-profits focused on supporting and providing services to those living with mental illness, we wanted to know what their
The new lease accounting standard is a hot topic but not an entirely unfamiliar one. By now, you probably know that the new lease standard (ASC 842) is effective in 2022 for calendar year-end private companies. Under the new standard, companies are now required to recognize operating leases on the
Has the turmoil over the last year caused you to start thinking of selling your business? Or, perhaps, the pandemic has opened up opportunities to expand your business? One of the most compelling decisions you will need to consider in structuring a buy/sale agreement is whether to structure the deal
Along with many other personal and professional disruptions this year, COVID-19 is impacting the regulatory environment for organizations with funding covered by the Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards (commonly called “Uniform Guidance”), and potentially subject to a single
Impact of U.S. and China Trade Tensions The U.S. continues to impose tariffs on over $200 billion of imports from China. Trump and Xi Jinping have agreed to reinstate trade talks. As the talks continue to drag out, it is clear that U.S. manufacturing is being negatively impacted by the