Financial professionals have a primary role in financial reporting, among many other responsibilities. However, reporting is intricately intertwined with another critical domain — cybersecurity. Whether they are preparing the company’s…
This Game-Changing Rule Empowers Credit Unions to Raise Alternative Capital
Over the last decade, credit unions have experienced decreasing capital levels as their assets continue to grow, putting them at risk with regulators if their capital ratio falls below the…
A Closer Look at the Employee Retention Credit Voluntary Disclosure Program
In late 2023, the IRS launched the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP), the latest effort to prevent future abuse of the program and protect businesses that believe they…
How the Latest Beneficial Owner Information Reporting Could Impact Your Small Business
A new reporting of beneficial ownership information (BOI) to the Financial Crimes Enforcement Network (FinCEN) will go into effect starting January 1, 2024. Introduced as part of the Corporate Transparency…
Unpacking Clean Energy Incentives for Nonprofit Organizations
When the Inflation Reduction Act (IRA) was passed in 2022, it ushered in a handful of tax credits for clean energy sources like solar power, wind power or electric vehicles….