MLR

Monthly Archives: September 2016

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If your business is looking for opportunities to make customers sit up and take notice, you might explore the possibility of you or one of your employees becoming a regular “expert” contact to the media. Within your organization, there may very well be expertise in a field that is of interest to business or trade writers.(11/23/2015)

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Determining the amount to compensate top leaders in a tax-exempt organization can be a daunting task, considering that tax-exempt and for-profit organizations compete in the talent pool. Although there are measures of a tax-exempt leader’s effectiveness, a commonly used measure on the profit side is not available in a tax-exempt situation – profitability. (11/23/2015)

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The file-and-suspend Social Security strategy that many Americans had worked into their retirement plans has quietly gone away for future retirees in a little known section of the budget act passed by both houses and signed into law by President Obama on Nov. 2. The bill slipped through Congress with no public hearings or fan fair.(11/23/2015)

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The first three Private Company Council-developed Accounting Standards Updates are effective for the first annual period beginning after Dec. 15, 2014, and interim periods within annual periods beginning after Dec. 15, 2015. Accordingly, many entities will be issuing financial statements applying these updates for the first time this coming reporting season. (11/23/2015)

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What makes an effective team? Extensive research has been conducted over many decades to identify the management practices that produce the most effective teams. The findings can be distilled into 10 key behaviors that can make you a better manager and improve the effectiveness of your team. (11/23/2015)

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The IRS has issued a fact sheet that discusses basic record-keeping tips, including what records are needed to prepare a return and how to keep them

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Relying on an attorney’s or an accountant’s advice may not win over the IRS if you fail to pay your taxes in a timely manner. It all depends on “reasonable cause.” The family of a decedent was reminded of this painful fact in a recent U.S. Tax Court case.

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With rising healthcare costs, you may want to check into whether your employer offers a tax-beneficial flexible spending arrangement to cover certain medical expenses.

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  • The reality is, fraud happens and there are environments ripe for deception in the nonprofit industry.