The challenge of quantifying lost productivity damages

Stick around the construction business long enough and it will happen to you. Maybe it already has. We’re referring to the unfortunate circumstance of, through no fault of your own, a project getting severely disrupted. In such cases, you might eventually need to file a claim in court against the owner for lost productivity damages. […]

Beyond theft: The human side of jobsite security

When the topic of security on a construction site comes up, the discussion usually revolves around one word: theft. How do we keep people from stealing stuff? But there’s another aspect of jobsite security that tends to get relatively little attention: the human side. All too often, construction company owners don’t recognize these risks until […]

Attracting nonprofit execs with creative compensation mixes

The IRS’s reasonable compensation rule sometimes may seem like an obstacle to attracting and retaining qualified nonprofit executives. Although the rule is intended to prevent “private inurement” or “excess benefits,” it ultimately restricts what you can offer a candidate. Of course, some nonprofits simply don’t have the means — or their donors object to using […]

Should you pay board members?

Contrary to what many believe, it’s legal — and in some cases, necessary — to compensate nonprofit board members. For example, paying compensation can help attract well-known business leaders or people with specialized expertise. It might also be appropriate if board members are expected to invest significant time and effort in the role, or if […]

5 tips for successful nonprofit succession

Every nonprofit organization needs a comprehensive succession plan to ensure smooth leadership transitions. Here are five tips for making a written plan successful: Look within. It’s important to develop employees who can move up the ladder when an executive director or other senior manager leaves. But don’t rule out hiring an outsider. Promoting from within […]

How nonprofits can treat “Founder’s Syndrome”

Of the many afflictions that can impede a nonprofit organization’s growth, one of the more deadly is “Founder’s Syndrome.” This occurs when a single individual — typically the founder, executive director or other long-term leader — wields a disproportionate amount of power and resists efforts to redistribute authority. Fortunately, there’s a potential cure. Note the […]

WW&D receives two awards

Wheeler Wolfenden and Dwares, CPAs has been recognized for the firm’s website by the Hermes Creative Awards and the Delaware Press Association. Hermes Creative Awards presented the firm with a Gold Award in the Professional Services Website category. With nearly 6,000 entries from across the US, Canada and 35 countries, the Hermes Creative Awards is […]

3 traits of growth-oriented nonprofits

What does it take to grow a nonprofit from a concept to a $2 million-plus revenue organization? A November 2016 study attempted to answer this question by surveying 200 social entrepreneurs funded by impact investing portfolios such as the Skoll Foundation and Silicon Valley Social Venture Fund. Even if your organization’s growth goals are relatively […]

Bidding made better with go/no-go analysis

To bid or not to bid? For contractors, this is always the question. When times are tough, you may be tempted to bid on anything and everything. During a more stable economic climate, however, you can and perhaps should be as selective as possible. How to make this critical decision is the question beneath the […]