Helen Weeber CPA

Posted in: Articles, Nonprofit

Financial best practices for religious congregations

Churches, synagogues, mosques and other religious congregations aren’t required to file tax returns, so they might not regularly hire independent accountants. But regardless of size, religious organizations often are subject to other requirements, such as paying unrelated business income tax (UBIT) and properly classifying employees. Without the oversight of tax authorities or outside accountants, religious […]

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Anthony LaNasa CPA CFE

Posted in: Accounting & Assurance, Articles, Fraud

Why Hotel Owners Should Keep an Eye on Their Management Companies

It’s common for hotel owners to outsource the management of their properties. Unfortunately, hotel management companies sometimes fraudulently profit at the owners’ expense. Case studies Fraudulent mismanagement can take several forms. In one instance, a real estate property developer hired an international hotel management company to run his new hotel in Miami. The developer installed […]

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David Reape CPA

Posted in: Articles, Tax

How to Handle Qualified Transportation Fringe Benefit Expenses

The Internal Revenue Service has issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. The new rules help taxpayers determine the amount of parking expenses that are no longer tax deductible. They also help tax-exempt organizations determine how these nondeductible parking expenses create or increase unrelated business […]

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Helen Weeber CPA

Posted in: Articles, Nonprofit

Nonprofit member surveys: Dos and don’ts for the 5 D’s

You can’t serve the needs of your not-for-profit’s members unless you know what those needs are. Many organizations take the pulse of their membership with regular surveys but fail to conduct them strategically — and end up with useless information. Instead, maximize your next survey’s effectiveness by focusing on your objectives during every stage of […]

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Anthony LaNasa CPA CFE

Posted in: Accounting & Assurance, Articles, Fraud

Bad faith: When insurers wrongfully deny claims

You pay your company’s insurance premiums faithfully, secure in the knowledge you’re covered if something goes wrong. Most of the time, such thinking will be right. Not only is it good business practice for insurers to cover legitimate claims, but it’s illegal for them to deny them. Unfortunately, not all insurers are good businesspeople, and […]

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