by John Heveron It has been well publicized that accounting for leases is changing dramatically, but most of us are just getting our first hands-on experience with this change. The new rules are being implemented for calendar year 2022 and
Do you have a Unique Entity Identifier? by John Heveron
In the past the federal government used DUNs numbers to identify entities that it provides funding to and does other business with. Now they are assigning and using Unique Entity Identifiers (UEIs). If you currently receive, and have been receiving
Independent Contractor V. Employee Guidance yet Again
by John Heveron The US Department of Labor has proposed changing how workers get classified as employees or independent contractors again. Changes under the Trump administration made it easier for businesses and nonprofits to classify workers as independent contractors by
Passing along — fellowship for self-advocacy for individuals
Self Advocacy Resource and Technical Assistance Center Fellowships Now Open for 2023 ProjectsApplication Deadline: Monday, January 9, 2023 | 9 PM ET Apply for the fellowship The Self Advocacy Resource and Technical Assistance Center (SARTAC) is now accepting applications
Recent tax legislation by John Heveron
In addition to the student loan forgiveness enacted by President Biden, and estimated to be worth between $390- $500 billion by The Tax Foundation, Congress recently passed, and the president signed, the Inflation Reduction Act. Student loan forgiveness for nonprofit
Disclosure of disability for board and staff…
Question: A board member has asked about knowing who/how many on the board have a disability. The want to poll the board members and find out. I have always been told that it is “optional” to disclose this information. I
Leases Get Capitalized for 2022
By John Heveron Leases must be capitalized in your financial statements for calendar year 2022 and fiscal years ending after December 31, 2022. This will apply to in place leases, although month-to-month leases and leases with a term of less
Be respectful of disability – wear your mask and don’t look down on those who do.
I recently attended a national conference of professionals in the field of Independent Living. I showed up in my mask and wore it most of the time, but I still felt the unspoken peer pressure of, hey, most are NOT
Have Your Internal Controls Survived Covid?
by John Heveron Your staff may have shrunk, and work may be both remote and on-site. So, how have your internal controls survived these changes? See how you match up against this list of best practices. Make sure that your
Changes Coming for QuickBooks
Contributed by John Heveron Starting with the 2022 version, QuickBooks is being sold by annual subscription only. They still have a local version as well as QuickBooks Online (which is what QuickBooks prefers to sell). If you choose to purchase