Archive for January, 2010:
filed in 403b Plans on Jan.26, 2010
Until recently, 403(b) plans weren’t considered a “hot topic.” However, the new auditing requirements for the plans have brought up new and more questions about them. Here is some basic information about 403(b) plans:
Contributions –The 2010 contribution limit is $16,500, which is the same as it was in 2009. Participants over the age of 50 [...]
Tags: 15 years of service provision, 15-Year Rule, 401(k) Plans, 403b Plans, account balances, assets, catch-up contributions, Contributions, early withdrawals, foreclosure, Hardship, hardship withdrawals, IRS, Loans, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, penalty tax, retirement, Rollover IRA, tax consequences, Terminated Employees, tuition payments, unreimbursed medical bills
filed in Fraud on Jan.19, 2010
I was recently driving down the Loop 101 while listening to the news on the radio. It was reported that, due to the devastating earthquake in Haiti, the Red Cross was in desperate need of supplies. Monetary donations were being requested.
The skeptical auditor in me immediately thought of all of the potential charity scams that [...]
Tags: auditor, Avoiding Relief Scams, Better Business Bureau, charity scams, defrauded, Donations, Fraud, Haiti, monetary donations, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, online donation forums, relief cause, scams
filed in Form 990 on Jan.12, 2010
Dear Schedule O,
You are the answer to so many questions. When I wondered how to clarify why we marked yes (or no) to one of the questions on the form I turn to you. You are so very versatile, so helpful, and so open. In sum:
You rock!
- KT
It is probably one of the coolest schedules [...]
Tags: board reviews, Form 990, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, Schedule O, whistleblower policy
filed in Not-For-Profit (non-profit) Accounting on Jan.05, 2010
We’d like to wish all of you a very happy new year! We certainly enjoyed the holidays with our families and friends, but we’re also looking forward to getting into 2010. We are especially excited about the start of a new Lunch N’ Learn series.
Held on the second Thursday of each month at the Henry [...]
Tags: Board Member roles and responsibilities, expense allocation, Form 990, Lunch N' Learn, nonprofit community, nonprofit organization, Not-For-Profit (non-profit) Accounting: Fraud, Not-For-Profit Accounting in Casa Grande, Not-For-Profit Accounting in Scottsdale, Not-For-Profit Accounting in Tempe, segregation of duties