Better Boards’ Post

Many providers in the Not-for-Profit sector face financial distress and insolvency due to factors such as increased costs, reduced revenue and donations, cash flow issues, regulatory changes, and uncertainty. Dentons Partner Campbell Hudson and Senior Associate Sean Tang explore how the safe harbour provisions can help Not-for-Profit organisations avoid insolvency and continue to operate in the best interests of their clients and stakeholders. Click below to read more. #NotForProfit #FinancialSustainability #Dentons

Not-for-profit corporations: you should prioritize expertise and skill when selecting directors and officers, ensuring compliance with fiduciary obligations and the applicable standard of care. Find out what you need to know in this article: https://ow.ly/U3qc50RmrZ7 Authored by: Ugochukwu Mbamalu #MTInsights #MTSocialImpact #Charity

Could someone be influencing your board without being formally recognised as a director? Shadow directors often operate behind the scenes, guiding board decisions without holding an official title. This can lead to complex dynamics and significant legal risks. ⚖️ In this fact sheet, we explore: 🤔 What defines a shadow director 🚨 The risks and responsibilities involved 📚 Real-world examples and how to avoid becoming one Learn more about how to identify and manage the influence of shadow directors effectively. 👉 Read the full article: https://lnkd.in/dcsxrFZq #ShadowDirector #CorporateGovernance #BoardDirectors #RiskManagement #BetterBoards #NonProfitLeadership

This is an excellent article! I have had extensive experience both serving on, and advising non-profit Boards in my legal practice ( https://lnkd.in/gxJ9rS5n ). Well worth the read!

How accurate are your organisation’s financial accounts?   Do you know whether or not your organisation is required to conduct an audit? At BVO Audit, we’ve got a long track record of delivering clarity and confidence for organisations seeking audit services or special reviews to achieve their stakeholder goals.   Why not connect with one of our audit specialists today? ✍ #notforprofit #charities #incorporatedsocieties #auditcompliance #auditservices #contactus #BVOaudit                                                                                                

If you're running a Community Interest Company (CIC), staying compliant is essential to protecting your mission and making a lasting impact. Our latest guide walks you through the process of filing your CIC34 report and full accounts, helping you avoid penalties and ensure your CIC continues to thrive. Don't miss out on this valuable resource—stay ahead of compliance requirements and keep driving social good! 📊✨ #CIC #CommunityInterestCompany #Compliance #SocialImpact #NonProfitLeadership https://lnkd.in/e6_iDebP

Today's CPAs are as diverse as the business world itself, offering expertise in forensic accounting, non-profit organizations, finance, and beyond focusing on so many different things. However, there seems to be a misconception that if you work with tax, that must be your sole focus. Does this irk anyone else? Comment below and check out the full debate on the Accounting High YouTube Channel! Jeremy Wells, EA, CPA Terrell A Turner, CPA Brian Streig, CPA Adam Markowitz LuSundra Everett, EA, NTPIF #CPA #Accounting #Finance #ForensicAccounting #Audit #NonProfit #Business #Specialties

Governance 101. If you’re the auditor for an organization and the CFO will not give you the password to the bank accounts, transacts solely with paper statements and only meets with you in the parking lot of a Honey Baked Ham store, it might be time to alert the audit committee.

🤫 Confession time: When I worked for the State and for some federally-funded nonprofits, I didn't know as much about Uniform Guidance as I now realize I should have. How's your knowledge level? And did you know that there are proposed changes? These proposed changes could impact the cost principles and de minimis rate, equipment and supplies threshold amounts, the audit threshold and so much more. Join my expert Wipfli Nonprofit, Government and Education colleagues for a FREE one-hour webinar to learn and plan: https://lnkd.in/gqU8Hftj.

Happy Wednesday Future Billionaires💚 Continuous learning about changing business laws is a strategic investment. It safeguards your business, promotes ethical practices, and positions you for long-term success in a dynamic legal landscape. Failure to file the annual report will subject the company to managerial termination/cancellation and loss of the protection of its name. The deadline to file your annual reports for LLC’s are September 30th every year. “The fee for the new annual report is $7 for business corporations, limited liability companies (LLCs), limited partnerships (LPs) and limited liability general partnerships (LLPs), with a $0 fee for nonprofit corporations and any LPs or LLCs with a not-for-profit purpose. The deadline for filing the annual report is based on the type of association.” Staying informed and continually learning about changing business laws is essential for several reasons! Did you file your annual report for your business yet? Comment below👇🏾 #SmallBusinessFinance #BusinessLaws #BusinessDevelopment #Nonprofits #PAlaw #AnnualFiling