Nonprofit Resources
Department of Labor Overtime Rule Blocked by U.S. District Court
November 18, 2024 - A federal judge in Texas has overturned the recent changes to the U.S. Department of Labor’s (DOL) overtime rule, nullifying the exempt employee status salary threshold rule nationwide.
Nonprofit Issues Newsletter, October 2024
October 29, 2024 - Our October 2024 newsletter covers overtime updates and resources, risk assessment in higher education institutions, cybersecurity tips, church fiscal year-end considerations, and more.
Overtime Updates and Resources
October 28, 2024 - With the recent changes to the overtime rule, it’s essential for nonprofits to understand the requirements and maintain compliance. We have gathered some information and resources to help.
Should Your Church Change its Fiscal Year-End?
October 28, 2024 - If your church uses a calendar year-end of December 31 as its fiscal year-end, you may want to consider whether you would benefit from changing it. Here’s a look at the potential advantages and disadvantages.
Determining Worker Classifications
October 24, 2024 - When individuals perform work for an organization, there are several specific, defined ways for them to be classified in the organization’s payroll and accounting systems, depending on the nature of their work. It is important to classify workers correctly because errors have tax implications for both the employee and the employer.
Court Affirms Salary Threshold and Duties in Overtime Exemption
October 2, 2024 - A recent court decision has affirmed that, along with certain listed duties, the U.S. Department of Labor can include a salary threshold in the definition of who qualifies for the executive, administrative, and professional exemption from the minimum wage and overtime rules in the Fair Labor Standards Act.
Nonprofit Issues Newsletter, August 2024
August 27, 2024 - Learn how to develop and maintain a vendor management program, address common external church fraud risks, create an effective higher education internal audit plan, and more.
Three External Fraud Threats Churches Should Address
August 23, 2024 - It’s important for church leaders to be aware of and address external fraud risks. Learn about three common risks threatening churches today, along with warning signs to watch for and practical steps you can take to help protect your church.
Webcast for Nonprofits: 2024 Nonprofit Tax Year-End Review
December 12, 2024 - Join us for a look at the most important changes taking place in exempt organization tax. This free webcast will focus on areas that are changing and areas that remain unchanged — all with an eye toward what 2025 will bring.
IRS Issues ERC Disallowance Letters and Releases More Warning Signs
August 8, 2024 - The IRS has begun sending letters to organizations denying their Employee Retention Credit claims. These letters typically require some form of response within 30 days of issuance. The IRS also released five new warning signs of incorrect ERC claims.
