Insights

Welcome to the club: A quick guide for new nonprofit board members

Congratulations! Your passion and professional skills have been recognized, landing you an esteemed spot on a nonprofit board of directors.

So, what exactly did you sign up for?

8/17/20
By: Deron J. Kling
Industries: Nonprofits

How to prepare for your first IT audit

Preparing for your first IT audit can be a very stressful task for not only yourself but also your entire team. Mostly because you’ve never done it before, so you don’t know what to expect.

That’s why we’ve put together three tips to help you prepare for your IT audit.

7/31/20
By: Drew Baker, David T. Rich
Services: Consulting, Internal Audit Outsourcing & Consulting Services, Governance & Risk

Senate proposes revisions to Paycheck Protection Program

On July 27, U.S. Senators Marco Rubio (R-FL) and Susan Collins (R-ME) introduced the Continuing Small Business Recovery and Paycheck Protection Program Act, which is part of the larger $1 trillion GOP-proposed HEALS Act.

7/31/20
By: Terry Hoover
Services: Tax

Succession planning is planning for success

Succession and replacement planning are critical for your business. But do you know the difference between the two? Do you know what succession planning can do for your organization that replacement planning cannot? Planning to retain and develop your most critical employees, is planning for your organization’s long-term success. 

7/29/20
By: Julia A. Johnson
Industries: Nonprofits, Governments

Offshore fund considerations

We are seeing an increased interest in offshore investment funds as managers look for ways to increase their investor base. Below will touch on why a fund manager would look to set up an offshore investment fund, the various organizational structures of an offshore investment vehicle and the most popular offshore jurisdictions and their similarities and differences.  

7/27/20
By: Rusty A. Planert
Industries: Financial Institutions, Financial Services

4 ways to manage employees — and their goals — while meeting your organization’s changing needs

Many businesses and organizations have reopened in the past few months, but the COVID-19 pandemic continues to create uncertainty. 

Will the U.S. experience another economic downturn that will require you to make yet more rapid and unanticipated changes? How can you balance meeting the different needs of employees — whether they’re working remotely or in the office — with the needs of your organization? How do you set and measure employee goals that are ambitious yet achievable?

7/27/20
By: Julia A. Johnson
Services: Consulting, Talent and Change

How tribes can track, report use of Coronavirus Relief Funds

With the next Coronavirus Relief Funds reporting deadline coming September 12 for the Treasury’s GrantSolutions portal, it’s critical tribes compile their data to fit Treasury requirements.

In addition, understanding the reporting requirements can help shape your strategy for spending those funds to help with the fallout from COVID-19.

7/24/20
By: Nik K. Wong
Industries: Tribal Gaming and Government

Employee fraud: What you need to know

In light of the challenges caused by the COVID-19 pandemic, employee fraud might be the last thing on business owners’ minds. But fraud doesn’t stop just because employees are working remotely. And ignoring the problem if it exists in your company can cost you big in the long run. 

If you have yet to implement clear internal policies on how to address employee fraud, here are some things you should know — and steps to take to help protect your business.

7/23/20
By: Marc W. Courey
Industries: Nonprofits, Governments