The Proactive Solutions Blog

Nonprofit Standard Newsletter - Fall 2016

As summer turns to fall, many nonprofits are entering their biggest fundraising season of the year. But along with the challenges fundraising activity can spur, organizations are facing a host of complicated developments in the industry. On the accounting side, the Financial Accounting Standards Board (FASB) recently released Phase 1 of its Nonprofit Financial Reporting Project, which has been hailed as the "biggest change to nonprofit accounting in two decades." Regulatory activity also abounds, with new regulations around deferred compensation poised to impact the way many nonprofits structure their compensation and benefits plans. In the latest edition of BDO's Nonprofit Standard newsletter, our thought leaders offer comprehensive advice for nonprofits as they navigate these challenges. 
 

Read full post  |  Posted by on 10.03.16


BDO Issues Fall 2016 Real Estate and Construction Monitor Newsletter

What's in store for the U.S. real estate and construction market this Fall? The latest issue of the Real Estate & Construction Monitor examines the role and benefits of R&D credits in construction, checks the pulse on healthcare-focused REITs and offers cybersecurity tips tailored to real estate and construction companies. Articles include:

Read full post  |  Posted by on 09.28.16


Compensation & Benefits Alert - September 2016

IRS Simplifies the Process for Correcting Late Rollovers between Retirement Accounts

Issued August 24, 2016, Rev. Proc. 2016-47 simplifies the process for correcting late rollovers from one tax-qualified retirement account to another. The guidance provides plan administrators and IRA trustees with an additional basis for accepting rollover contributions after the 60-day deadline.

Read full post  |  Posted by on 09.08.16


College Students: Be Aware Of Phone Scams

As you settle into your fall semester routine, both the FBI and the IRS want you to be alert for calls from scammers.

Read full post  |  Posted by R. David O’Brien on 09.07.16


Boost Productivity By Offering Feedback

A research study by a staffing agency reveals that younger workers want to know how the work they do affects the company they work for. 

Read full post  |  Posted by on 09.01.16


Computer Systems Review

Business owners have many computer systems in place in their company, managed by an employee as part of his job or managed by a third party who may not be really qualified to manage a business software system.

Read full post  |  Posted by James F. Weber on 08.25.16


Review of Bank Loan Agreements

When reviewing and evaluating your bank loans make sure that you, your controller, CPA or attorney review all loan documentation in detail and consider the following matters:

Read full post  |  Posted by James F. Weber on 08.25.16


Lawsuits Target Higher Ed: What Retirement Plan Sponsors Need to Know

Retirement plan excessive fee litigation surrounding 403(b) plans was a hot topic in the employee benefit plan world this past week. Several universities that sponsor 403(b) plans were added to excessive fee litigation filed by the law firm of Schlichter, … 

Read full post  |  Posted by on 08.16.16


BDO USA’s Summer 2016 Manufacturing Output newsletter is now available

BDO USA's Summer 2016 Manufacturing Output newsletter is now available

Inside this issue, the Manufacturing & Distribution leaders examine the top trends and issues shaping the industry's future, including:

Read full post  |  Posted by on 08.15.16


Get to Know Mary Johnston, CPA - Director of Tax Services


Describe your role at Weber O’Brien:

I work mainly with business owners, their businesses, and high-income taxpayers.
What do you think is most gratifying about your work?
Working directly with clients is most gratifying, being available to assist as their tax needs expand. In some instances, I am now working with second generation owners, having the pleasure of working with their parents for many years.
 

Read full post  |  Posted by on 08.11.16


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