By Mike Sorrells, CPA and Joyce Underwood, CPA As nonprofits grow larger and their missions expand, many organizations structure their activities through a variety of related organizations, often because a particular structure may not work at all if the activity were carried out in the main nonprofit organization. We commonly see structures involving 501(c)(3), 501(c)(4) or (6), Political […]

By Mike Conover There are tens of thousands of tax-exempt 501(c)(6) organizations that represent the interests of virtually every type of business in the United States. They are as diverse in their size and scope of activities as the businesses they represent. And the compensation paid to the executives that manage these organizations can range from less than […]

By Lee Klumpp, CPA, CGMA and Adam Cole, CPA Liquidity is crucial for not-for-profit (NFP) and for-profit entities alike to have the right amount of liquid and non-liquid resources available when needed to accomplish an organization’s mission. While there is a cost associated with not having enough liquidity, there is a foregone opportunity cost for having too […]

Originally posted on www.nsspartners.com. Here we go again! Already one of the most complicated of government programs, the bipartisan Budget Bill signed last week has created a great deal of confusion and complication for those looking to social security to provide income in retirement. Before the new legislation, there were over 2,700 rules governing social security. […]

Q&A with Henry Rinder, Member with the Firm We sat down with Henry Rinder, Member with the Firm, to discuss the rapid advancement of technology, and his thoughts on dealing with cyber security, social networking, cloud computing, and other issues impacting the accounting field. Does Smolin assist clients with technology in their businesses? HR: We […]

By Marc Berger, CPA, JD, LLM One of the benefits of tax exemption under Internal Revenue Code (IRC) Section 501(c)(3) is the ability to use tax-exempt financing. Tax-exempt bonds generally carry a lower interest rate than taxable bonds and the interest received by the bondholders is excludable from income for federal income tax purposes. Because of these advantages, […]

Low Oil Prices Bring Good Fortune to Some Manufacturers, Burdens to Others By Cathy McNamara This summer, oil prices hit a six-year low, dipping below $40 per barrel. This marks a substantial decline from prices of $112 per barrel in the U.S. just one year ago. Meanwhile, data from the Institute of Supply Management shows that in […]

More Manufacturers May Use R&D Credits Under Pending Legislation By Chai Hoang and Joseph Eliya Designed to encourage investment in innovation, R&D tax credits can sometimes be overlooked as fabricated metals products manufacturers, when in fact they are accessible to many small- and medium-sized manufacturers in the sector. It’s important to note that a company need not […]

  By Rick Schreiber and Shahryar Shaghaghi Cybersecurity challenges are becoming more prevalent and complex for manufacturers as consumers embrace and demand advanced technologies. The costs associated with data breaches are also rising, with an average cost increase of more than 23 percent since 2013, according to the latest research by Ponemon Institute. Furthermore, external breaches from […]