IRS ERTC Voluntary Disclosure Program Deadline

The IRS’s new Voluntary Disclosure Program may provide employers relief from penalties related to ineligible Employee Retention Tax Credit claims.

New Tax Legislation: Should you file now or wait?

The Tax Relief for American Families and Workers Act of 2024, passed in the House on January 31st. It is now waiting on revisions and/or vote in the Senate.

How to Comply with the New Corporate Transparency Act

The Corporate Transparency Act (CTA) goes into effect on January 1, 2024, impacting a significant number of small businesses across the U.S.

IRS delays new reporting rule for online payment processors

The IRS is delaying the $600 Form 1099-K reporting threshold for third-party settlement organizations for the 2023 tax year.

T.I.E. Blog

Welcome to The Idea Exchange (TIE) Blog. Timely articles on a wide range of topics including new tax legislation, accounting regulations, best practices, industry news, business insights and more.

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Fraud and the nonprofit – How to counter your vulnerabilities

Fraud and the nonprofit – How to counter your vulnerabilities

Every organization — whether for-profit or nonprofit — is at risk of falling victim to costly acts of fraud. Nonprofits, though, have some common characteristics that can make them particularly susceptible to such schemes. This article discusses organizational weak spots and advises on ways to combat risks by implementing some simple controls.

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Nine Employee Benefit Plan Audit Tips

Well it’s that time of year again…time to dust off those participant files and prepare for the employee benefit plan audit season. As a firm who takes pride in our efficiency with employee benefit plan audits, here are some tips that we hope will help ensure your retirement plan audit goes smoothly and meets your goals now and in the future:

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Five Reasons Your Organization Needs an Audit Committee

Success for not-for-profits (NFPs), regardless of their type or size, is built on a firm foundation of fiscal accountability and governance. NFPs can access expertise in these areas – and in the process more successfully fulfill their strategic goals – by leveraging the knowledge and experience of audit committees.

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Your nonprofit’s bylaws

Your nonprofit’s bylaws

Has your organization outgrown its bylaws? Sometimes, as a nonprofit expands and matures, the guiding rules set when it was just a twinkle in its founders’ eyes need to be revisited and brought up to date. Revising your bylaws involves more than just altering the language of rarely visited documents. The process provides you with an opportunity to look closely at how your nonprofit is evolving and whether such developments are consistent with your original mission.

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