5 Ways to Keep Remote Workers Connected

With many nonprofit employees continuing to work at home, engagement and morale can suffer. But more than a year into the pandemic, some best practices have emerged for combating feelings of isolation and disconnection that undermine productivity. Here are five: 1. Stay in regular contact Perhaps the most important step you can take is to…

IRS clarifies royalty exception to UBIT

Provisions in the Tax Cuts and Jobs Act have brought renewed attention to nonprofits’ potential liability for unrelated business income tax (UBIT). Organizations generally are subject to a 21% tax on unrelated income, but exceptions apply — including one for royalties. Although “royalties” aren’t defined in the U.S tax code or regulations, a recent IRS…

IRS Rules: Restructuring in Today’s Regulatory Climate

Some nonprofits have been forced to restructure their organizations due to the economic challenges of the COVID-19 pandemic. Fortunately, IRS rule changes from a couple of years ago make the restructuring process far easier than it once was. If you’re considering such a change, here’s what you need to know. How have the rules changed?…

Working remotely: Don’t neglect internal controls

The pandemic has forced many nonprofits to change to work-at-home mode for extended periods, and some may remain there even as COVID-19 recedes. This shift in operations offers potential advantages, but it’s critical that organizations institute new, or adapt existing, internal controls to protect their finances and accounting-related data. Here are some of the most…

What We Know So Far About COVID Philanthropy

COVID-19 spurred more than $11.9 billion in global philanthropy in the first six months of 2020. That’s just one of the findings in the Center for Disaster Philanthropy and information service Candid’s new report, Philanthropy and COVID-19 in the first half of 2020. In this report, Candid and the Center for Disaster Philanthropy explore the…

Thank you.

Without a doubt, this past year has brought challenges which have left no one untouched, including my team here at Sechler Morgan as well as my friends and family. But despite all efforts to the contrary, the year 2020 has revealed what is good and noble in people. Each member of our team has watched…

Are you using relevant ratios in these uncertain times?

Financial statements play an important role in assessing your organization’s health. However, they aren’t necessarily the best way to communicate performance to stakeholders. Ratios, on the other hand, grab information from your financial statements and can be presented as easy-to-process snapshots, an effective tool in the COVID-19–related economic crisis. Ratios help board members and other…

Should You Buy or Lease Your Headquarters?

Current economic challenges are leading many nonprofits to take a close look at their expenses. The costs of your facilities may be overlooked during a cost-cutting process because they seem unavoidable. But the choice between renting and buying property to house your organization can have substantial cost implications. This makes it important to evaluate the…

Virtual B-I-N-G…NO

Why Arizona nonprofits should avoid certain gambling-related fundraisers As we are in our six month of dealing with the COVID-19 pandemic, many nonprofits are looking for creative ways to raise money. While they are looking at new fundraising avenues, they may be tempted to try approaches they have not used in the past. In addition,…

Deferral of Payroll Taxes – New Executive Order

On August 8, 2020 President Trump signed four Executive Orders (EO) designed to provide additional relief to those impacted by the COVID-19 pandemic. The orders addressed enhanced unemployment payments, student loan relief, moratoriums on evictions, and a deferral of payroll taxes; it is the last order that I will be addressing in this post. Payroll…