News

Buy or lease? Both can benefit nonprofits

If your not-for-profit owns its own facility, it likely will have more control of workspace than if you lease. However, ownership carries risks — and leasing can provide several advantages. If you’re trying to make a buy-or-lease decision, be sure to weigh the following factors. Equity in owning Buying a facility allows your nonprofit to […]

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A’Shira Nelson, CPA featured in OSCPA Podcast

HW&Co. Senior Accountant, A’Shira Nelson, CPA was featured in the OSCPA’s ‘CPA Takeaways’ this week. A’Shira joined The State of Business podcast to discuss how she paid off her student loan debt in two years. She also offers advice for others looking to do the same. “I knew I needed to create some type of […]

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Avoid excess benefit transactions and keep your exempt status

One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences, the nonprofit may lose credibility with supporters and the public, and donors will no longer be able to make tax-exempt contributions. Although the loss of exempt status isn’t common, certain activities can increase […]

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PDPM Rates Now Available!

CMS Issues FY 2020 Medicare SNF PDPM Rates Effective October 1, 2019 The Centers for Medicare & Medicaid Services (CMS) published the final rule updating Medicare rates for skilled nursing facilities for federal Fiscal Year (FY) 2020 in the August 7, 2019, Federal Register. The rates will be effective from October 1, 2019, through September […]

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Protecting youth sports leagues from fraud

Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children. Youth sports leagues and teams, for example, are ripe for fraud. Cash transactions are common, and coaches and board members usually are volunteers with little accountability. If you or your children are involved in a youth […]

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