As a membership organization leader, you’re beholden to both your members and your Board of Directors – and so you have to be able to provide accurate and reliable data to both groups on-demand. Fast. That means you need tight internal controls, reliable bookkeeping practices, solid accounting processes, and secure
SOC reports are a vital tool in vendor risk management, but for many users, they can feel dense, technical, and even overwhelming. Unlike a simple pass/fail scorecard, a SOC report requires careful reading to extract the insights you need to make informed decisions about your third-party providers. So how do
Survey Results See the Impact of COVID-19 Across Industries Report Summary As expected, no industry is untouched by the effects of the global pandemic, and while the issues that affect them most vary, some concerns are universal. Economic recovery time, the financial stability of customers and vendors, and
In October 2023, California passed the Climate Corporate Data Accountability Act (SB 253) and the Greenhouse Gases: Climate-Related Financial Risk Act (SB 261), creating unprecedented climate-related reporting for companies beginning in 2026. In addition to certain climate-related financial risks and disclosures, the bills focus on reporting greenhouse gas emissions in
There are a couple tax bills that have been in the works in 2021 that may have a large effect on taxpayers in upcoming years. The two bills that will enact changes are: The Bipartisan Infrastructure Bill (Infrastructure Investment and Jobs Act), signed into law by President Biden
Non-profit organizations play a vital role in our society, providing essential services to those in need and making our communities better and stronger. However, they’re sometimes the most vulnerable to shifts and trends, and the first industry to have to face challenges that could threaten their future. As macroeconomic trends
For construction and real estate professionals, staying ahead of industry trends is key to making informed business decisions. The Construction Industry Round Table (CIRT) Sentiment Index offers a quarterly snapshot of the construction sector, capturing insights from leaders across design, construction, workforce, and economic conditions. The latest Q1 results point
The Secure Act 2.0 includes several changes that offer opportunities for retirement and tax planning. Signed into law on December 29, 2022, as part of the $1.7 trillion omnibus spending deal, the Consolidated Appropriations Act, 2023, P.L. 117-328. Secure Act 2.0 has over 90 new retirement plan provisions. Convert a
By working together, Fractional and SALT professionals deliver integrated solutions that increase efficiency and value, maximize resources, reduce costs, and help your business thrive. Fractional Accounting and Advisory Services refer to financial and accounting professionals who offer their expertise and services on a recurring scheduled basis. The right fractional resource
During the height of COVID-19, Congress passed several significant Acts to help businesses and non-profits retain their employees. Two major programs emerged from that massive action: the Paycheck Protection Program (PPP) and the Employee Retention Tax Credit (ERTC). Both were instrumental in encouraging organizations to keep people on their payrolls
Help Navigating the Highly Regulated Affordable Housing Industry Are you a private developer or a not-for-profit organization looking to bring affordable housing to a community? It’s pretty likely that you’ve run into the overwhelming complexities that are the U.S. Department of Housing and Urban Development (HUD) and the IRS through
The IRS has provided guidance to employers that provide matching retirement plan contributions based on student loan payments – a provision of the SECURE 2.0 Act of 2022. Notice 2024-63 implements Section 110 of the SECURE 2.0 Act of 2022; this section allows employers with a 401(k) plan, 403(b) plan,