Planned (also known as deferred) gifts come as close to a sure thing as your nonprofit will ever likely encounter. They’re often more substantial than other types of donations and, because they specify an amount and date (or event, such as the death of the donor), they can help you secure your organization’s future with […]
WW&D welcomes two new staff
Wheeler Wolfenden and Dwares, CPAs is pleased to welcome Leslie R. Dorsey, CPA and Manuel Rodriguez to its professional staff. Leslie R. Dorsey, CPA has joined WW&D’s tax practice as a manager. Leslie has more than 13 years of corporate tax experience in the agriculture, business services, chemical manufacturing and retail sectors. She earned a […]
PATH Act bonuses for smaller construction companies
If yours is a smaller construction company, you may think you’re even further behind the eight ball when it comes to claiming the research tax credit. After all, large businesses can presumably allocate staff and resources to innovation more readily. But smaller construction businesses should still give it a try — and the Protecting Americans […]
How contractors may claim the research tax credit
The research credit (often called the “research and development” or “R&D” credit) incentivizes businesses to step up their investments in research. Although calculating the break isn’t exactly easy, the end result can be well worth the effort. Generalities and specifics To be eligible for the research credit, an innovation-seeking business activity generally must: Relate to […]
Microdonations matter now more than ever
At 80 million strong, Millennials now make up the largest chunk of the U.S. population. But because they’re often still in school or just beginning careers, they generally don’t have the financial resources to make large charitable gifts. Another fact about Millennials: They use their mobile devices to do everything. What logically follows is that […]
Data analytics provides solutions to many nonprofit challenges
If your nonprofit wants to improve budgeting, forecasting, fundraising or other functions but is having a hard time identifying both problems and solutions, data analytics can help. This form of business intelligence is already considered invaluable in the for-profit world. But it can be just as useful to nonprofits. Goal: informed decision making Data analytics […]
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 […]