By Nathaniel C. Gravel, CISA, CISM, CRISC Securing cloud-based data must be a top priority for organizations that increasingly rely on cloud services for their daily operations. The rapid growth of cloud computing and the vast amount of sensitive information stored in these environments make it crucial to implement robust security measures to protect your …
Baseline Security Measures for Cloud Environments Read More »
The movement to restore full expensing of R&D costs in the year the expenses are incurred, instead of amortizing them over 5 years, is gaining momentum in Congress. A bi-partisan bill had previously been filed in the U.S. Senate to return full expensing of R&D Costs (S. 866). That effort has now been joined by …
R&D Tax Expense Restoration Moves Forward in Congress Read More »
Following the passage of the Setting Every Community Up for Retirement Enhancement Act of 2019 (SECURE Act) and its successor, SECURE 2.0, several changes were made in the requirements for filing IRS Form 5500 or the simpler Form 5500-SF (Short Form Annual Return/Report of Small Employee Benefit Plan). One of the changes is an adjustment …
Changes in Form 5500 May Benefit Small Business Benefit Plans Read More »
By Bill Constantopoulos Gray, Gray & Gray, LLP In the real estate and construction world, software solutions are an indispensable tool for streamlining financial management, accounting, and reporting. As the need for these solutions grows, two of the most prominent software platforms designed specifically for the industry are Sage Intacct Real Estate and Yardi. Both …
Do you enjoy filling your day by manually entering bills into your accounting system? Are you OK with spending more time than necessary on invoice management? Or would you rather be doing something more productive with your time? Very few people get a kick out of the tedium of manual bill entry. Invoice management is …
If You Love Processing Invoices, Don’t Read This Article! Read More »
By Bill Constantopoulos Information is the lifeblood of any successful organization. But too much of a good thing can negatively impact performance. “Information overload” is a challenge for organizations and those tasked with managing them. Some have even compared the flow of data to “drinking from a fire hose.” Too much data, crammed into too little …
Drinking from a Fire Hose: Controlling the Flow of Information in Your Business Read More »
By Bill Constantopoulos If we learned anything from the past few years of pandemic-induced disruption it is this: People can work efficiently and effectively from virtually anywhere. Even the bourgeoning return-to-the-office movement has adapted hybrid work weeks that blend in-person attendance with remote work. But the dispersal of workers poses a challenge to managers who …
Using Technology to Manage Financial Operations in a Dispersed Organization Read More »
Your not-for-profit organization is probably assisted by volunteers who aren’t financially compensated. But your staff — including executives — are almost certainly paid a commensurate salary and benefits for their work. Compensation issues are always tricky, but they’re made more so by tax and legal requirements for nonprofits. Setting executive pay is particularly fraught because if …
By Nathaniel C. Gravel, CISA, CISM, CRISC The second week of January has been designated as National Home Office Safety & Security Week. But keeping your computer, network and files secure while working remotely is a 24/7/365 task. Here are eight important steps to take to help ensure your “home work” is not compromised by …
If your not-for-profit focuses most of its fundraising energy on donors who can contribute to your mission and programs now, you may have neglected legacy gifts. Such gifts represent a portion of wealthy donors’ estates that go to your organization on their death. Legacy gifts can help position your nonprofit for sustained growth well into the …