Are you a recordkeeping pack rat? Many individuals and businesses hold onto paper and digital records indefinitely — just in case. But securely storing years of financial records can become burdensome. Here’s some guidance to help minimize record-keeping overload. READ MORE
Today’s Jean’s Day proceeds will go to Syracuse Behavioral Healthcare! Syracuse Behavioral Healthcare Mission: To promote recovery from the effects of substance use and mental health disorders and other health issues.
On Dec. 22, 2017, President Trump signed sweeping tax reform, formerly known as the Tax Cuts and Jobs Act, into law, marking the largest change to U.S. tax policy in decades. What changes are coming for healthcare companies? To help organizations navigate the issues most impactful and urgent to the healthcare industry, we’ve prepared a […]
TOPICS: SIX TAX REFORM ISSUES IMPACTING NONPROFIT ORGANIZATIONS NEW TAX LAW’S EXCISE TAX ‘BITE’ ON EXEMPT ORGANIZATION COMPENSATION IS YOUR NOT-FOR-PROFIT FINANCIALLY FIT? THE INTEGRATION OF DATA PRIVACY INTO A DATA GOVERNANCE PROGRAM SURVIVAL TIPS FOR THE NEW ERA OF FUNDRAISING HOW DO YOU READ AND UNDERSTAND NONPROFIT FINANCIAL STATEMENTS? UPDATES TO FASB PROPOSED GUIDANCE […]
BACKGROUND The Medicare Access and CHIP Reauthorization Act (MACRA) of 2015, which requires the removal of Social Security Numbers (SSNs) from all Medicare cards by April 2019, has entered a new phase. Better known as the Social Security Number Removal Initiative (SSNRI) a new Medicare Beneficiary identifier (MBI) will replace the SSN based Health Insurance […]
E-Verify is about to play a critical role under the Trump administration. The electronic service, launched in 1996, is primarily a voluntary web-based system, though it could soon become mandatory. E-Verify enables employers to quickly determine whether information supplied by job applicants on their I-9 forms is consistent with data held by the Social Security Administration […]
Brandon T. Messecar, Audit Associate, has earned his Certified Public Accountant (CPA) license. Messecar joined the Firm in October, 2016. He received his B.S. and M.B.A in Accounting from SUNY Oswego.
Earth Day is April 22. This occasion reminds us to consider implementing changes to help reduce the amount of energy we consume. But “going green” isn’t just good for the Earth — certain energy-saving expenditures also may qualify for generous tax breaks that are good for your pocketbook, too. READ MORE
In early January, the U.S. Department of Labor (DOL) published a fact sheet that lays out how the agency is aligning its policy on intern employment status with new rulings by several U.S. appellate courts. Previously, it would’ve been much harder to bring interns on board without having to pay them minimum wage and overtime. Employers […]
The U.S. corporate tax rate has historically been among the highest in the world. Years ago, Congress created the domestic production activities deduction (DPAD) primarily to help level the playing field between American manufacturers and foreign competitors that operate in countries with lower tax rates. READ MORE