Top Hat Plans - Nonprofit CPA Firm

Top Hat Plans Viewed Through the Looking Glass

At one point the top hat was commonly found throughout American history and pop culture. During the 19th century, it served as a symbol of freedom sitting atop President Abraham Lincoln’s head as he navigated the country through the Civil War.

Church and Social Security - Nonprofit CPA Firm

What Should Your Church Know about Social Security?

Social Security and Medicare taxes are collected under the Federal Insurance Contributions Act (FICA) and the Self-Employment Contributions Act (SECA). Many people refer to contributions to Social Security and Medicare as either FICA or SE taxes.

Nonprofit Credit - Nonprofit CPA Firm

Small Nonprofit? Get the Credit You Deserve!

In March 2010, the Affordable Care Act was enacted to encourage small businesses and tax-exempt organizations to offer health insurance to their employees for the first time or continue the health care coverage they already provided.

Counting Participants - Nonprofit CPA Firm

Counting participants is not as easy as 1, 2, 3!!!

In a time when nonprofit organizations are facing higher demand for their services with fewer financial resources available to them, maintaining compliance with the ever-changing landscape of regulatory requirements is becoming increasingly difficult.

ERISA Audit Requirements - Nonprofit CPA Firm

A Nonprofit’s Guide to Navigating the ERISA Audit Requirements

You are a nonprofit and your organization has a Code section 403(b) retirement plan But is an independent qualified plan audit required to be attached to the 5500 filing? Let’s look further into the requirements of a retirement plan to attach an independent qualified plan audit to the 5500 filing.

Let’s Get Ready to Rumble….Defined Benefit Plans vs. Defined Contribution Plans

Posted By Chris Ciminera, Supervisor I have been auditing a nonprofit organization for a few years now. The organization currently has a defined benefit plan and this year I was asked by our contact at the organization to provide some information on switching from a defined benefit plan (DB) to a defined contribution plan (DC). Specifically the organization was looking to switch … Continued