Social Networks
February 2018
Is it time for nonprofits to embrace the cloud?
Cloud computing promises lower technology costs and greater efficiency and productivity.
Is it time to get more creative with retirement benefits communications?
Employees tend not to fully appreciate or use their retirement benefits unless their employer communicates with them about the plan clearly and regularly.
Sec. 179 expensing provides small businesses tax savings on 2017 returns
If you purchased qualifying property by December 31, 2017, you may be able to take advantage of Section 179 expensing on your 2017 tax return.
What is job cost reporting?
Custom jobs require ongoing supervision to achieve the best financial results.
Boosting the matching gifts your nonprofit receives
Corporate matching can double the value of donors’ gifts — a bonus no not-for-profit organization can afford to pass up.
Tax credit for hiring from certain target groups can provide substantial tax savings
Many businesses hired in 2017, and more are planning to hire in 2018.
For-profit vs. not-for-profit: Compare and contrast financial reporting goals
As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable purpose.
Change in Pennsylvania Form 1099MISC Withholding and Reporting Requirements
Robert Hagenow, CPA, MT
Principal, Maillie LLP
Maillie LLP Announces Promotions
Mont Clare, PA – February 15, 2018 - Maillie LLP has named Jeanettee Grick-Hassis and Robert Hagenow to the position of principal.
Use benchmarking to swim with the big fish
You may keep a wary eye on your competitors, but sometimes it helps to look just a little bit deeper.
Making the most of your nonprofit’s internal audit function
The key role of a not-for-profit’s internal auditors was once limited largely to testing financial and compliance controls and reporting their findings to the organization’s leadership.
Small business owners: A SEP may give you one last 2017 tax and retirement saving opportunity
Are you a high-income small-business owner who doesn’t currently have a tax-advantaged retirement plan set up for yourself?
UPDATE: CHANGES TO PENNSYLVANIA CHARITABLE ORGANIZATION FILING REQUIREMENTS
Amanda J. Bernard, CPA, CFE, CMA
Principal, Maillie LLP
Fixed vs. variable costs: How to compute breakeven
Breakeven analysis can be useful when investing in new equipment, launching a new product or analyzing the effects of a cost reduction plan.
Is your nonprofit ready to hire new staffers?
According to the 2017 Nonprofit Employment Practices Survey by human resources consultant Nonprofit HR, charities are hiring at a faster pace than for-profit companies.
Turning employee ideas into profitable results
Many businesses train employees how to do their jobs and only their jobs.
Claiming bonus depreciation on your 2017 tax return may be particularly beneficial
With bonus depreciation, a business can recover the costs of depreciable property more quickly by claiming additional first-year depreciation for qualified assets.
2017 School District Financial Statement Summary
As we wrap up the June 30, 2017 audit cycle, we have summarized key financial information from our school district clients. With over 25 clients, we now have a significant base to draw from. The
Auditing work in progress
Financial statement auditors spend a lot of time evaluating how their clients report work in progress (WIP) inventory.
Tax Reform Update
February 1, 2018
