Articles

Nonprofit restructuring has become easier, but not without challenges

A few years ago, IRS Revenue Procedure 2018-15 changed the rules regarding not-for-profit restructuring. If you’ve participated in a restructuring in the past, you’ll be relieved to know that in many cases it’s now easier. Even so, if recent challenges have led your organization to consider restructuring, it’s important to work with a professional advisor, […]

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When for-profit colleges deceive students

For-profit colleges and vocational schools — especially online programs — provide degree-earning opportunities to many Americans who might not otherwise be able to pursue higher education due to financial pressures and work or family obligations. But as countless complaints and lawsuits suggest, some for-profit institutions engage in deceptive, and even illegal, recruiting and retention practices. […]

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Only Two Weeks Remaining Until PRF Phase 4 Application Deadline!

The October 26, 2021 application deadline for Provider Relief Fund (PRF) Phase 4 and American Rescue Plan (ARP) Rural Payments is quickly approaching with only two weeks to go.  Phase 4 includes $25.5 billion of new funding for COVID-19 affected healthcare providers.  The funding will be split between a $17 billion general distribution and an […]

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New per diem business travel rates became effective on October 1

Are employees at your business traveling again after months of virtual meetings? In Notice 2021-52, the IRS announced the fiscal 2022 “per diem” rates that became effective October 1, 2021. Taxpayers can use these rates to substantiate the amount of expenses for lodging, meals, and incidental expenses when traveling away from home. (Taxpayers in the […]

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Actively look for fraud and reduce financial losses: fraud detection

The Association of Certified Fraud Examiners’ (ACFE’s) Report to the Nations: 2020 Global Study on Occupational Fraud and Abuse provides ample evidence that some fraud detection methods are better than others. In general, passive methods, such as accidental discovery or notification by police, coincide with longer-running schemes and higher financial costs. To nab dishonest employees […]

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