Author: Clifford Perlman
Restricted Funds – Administrative Expenses are Sometimes Permissible
Many of my clients receive much of their funding in the form of restricted gifts designated for specific purposes or programs. I find that many of them unnecessarily pay for the administration of their restricted funds with general operating revenue – sometimes … read more
When funds go missing – what can you do, what must you do?
One of the most difficult situations I’ve encountered while counseling nonprofit boards over the years is when they have discovered that the organization’s funds have been embezzled, most commonly, by an insider. Two real-life situations are particularly noteworthy. In the first instance, … read more
IRS Continues Amnesty Program for Misclassified Workers
Employers who may have incorrectly classified workers as independent contractors now have a chance to correct their mistake without triggering a significant income and employment tax liability if they agree to prospectively treat workers as employees and pay a fraction of the … read more
