System and organizational control, or SOC, reports may be an obscure concept to some, but chances are your vendors or customers may soon ask you for one (if they haven’t…
Is Your Nonprofit Prepared to Prevent Fraud? A Checklist
When occupational fraud occurs at a nonprofit, the victim organization suffers an average loss of $639,000. Confronting the risk of fraud head-on requires a three-pronged approach of deterrence, prevention and…
Lenders: Now is the Time to Get Ready for New Data Collection Requirements
The Consumer Financial Protection Bureau (CFPB) is preparing to implement Section 1071, the long-anticipated data collection and reporting regulations for business lending. This section of the Dodd-Frank Act has been…
COVID-19 Relief Summary for Employers
Over the past 12 months, the federal government has enacted four major relief bills to mitigate the financial and economic disruption of COVID-19. The most recent act, the American Rescue…
Nonprofit Hot Topics from the Coronavirus Response and Relief Supplemental Appropriations Act
Editor’s note: For the most up-to-date information on the Employee Retention Tax Credit, please visit our ERTC Eligibility page. For nonprofits, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021…
