The global market for human resources outsourcing was approximately $32.8 billion in 2020 and is projected to rise to $45.8 billion by 2027, according to market research company Reportlinker. Should your not-for-profit join the many organizations that have already determined that HR outsourcing makes financial and operational sense?

person working on a laptop with data, charts and graphics; image used for blog post about not-for-profits HR outsourcing

Here’s what you should consider before acting.


Continue Reading Is Your Not-for-Profit Considering HR Outsourcing?

Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept advertising or sponsorships that aren’t substantially related to your tax-exempt purpose, you may unwittingly expose your organization to UBIT liability.

person pointing at a laptop screen with another person; image used for blog post about not-for-profit's sponsorships and advertising being taxable

The rules governing these types of support are complicated, so it’s important to have a basic understanding of what is and what isn’t potentially taxable.


Continue Reading What’s Taxable for Your Not-for-Profit’s Sponsorships and Advertising?

Cryptocurrency has gone mainstream, and if you’ve been sitting on the fence about accepting donations in virtual currency, it’s time to make a decision. But before your not-for-profit says “yes” to a Bitcoin (or other cryptocurrency) gift, make sure you understand the issues involved — including the risks.

Virtual currency = risk

Cryptocurrency refers to a decentralized form of digital currency that’s tracked in a blockchain ledger. Unlike traditional currencies, the ledger doesn’t reside with a central authority, such as a bank or government, but across public peer-to-peer networks. The value of cryptocurrencies derives in part from its scarcity. In the case of Bitcoins, for example, the supply is limited to 21 million “coins.”
Continue Reading Cryptocurrency donations: Will your nonprofit accept them?

During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as a great relief to welcome them back in person. However, a volunteer, like an employee, could represent some risk to your organization.

a group of people in masks holding up a wooden structure; image used for blog post about tackling volunteer liability

For example, you could be exposed to lawsuits if volunteers are harmed or harm others while volunteering for you.


Continue Reading Considerations for Tackling Volunteer Liability

“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal funding. It has been updated and amended several times, most recently in 2020.

two people writing on a piece of paper on a table; image used for blog post about not-for-profit compliance with procurement policy after updates to Uniform Guidance

So if you haven’t reviewed your own organization’s procurement policies lately, now’s a good time to ensure you’re in compliance.


Continue Reading What to Know About the Uniform Guidance Updates

Collective impact projects are collaborations between not-for-profits, government, businesses and communities with the goal of achieving challenging and complicated social objectives. They can succeed in ways that simply aren’t available to individual organizations.

a collective of hands come together with red paint forming a heart; image used for blog post about not-for-profits collaborating on collective impact projects

But they also require a level of commitment your not-for-profit may not be prepared for.


Continue Reading Collaborating on Collective Impact Projects

It takes more than dedication and enthusiasm for your not-for-profit’s cause and programs to make a good board member. The most critical duty for all board members is being a fiduciary.

a group of people sit in a conference room around a wooden desk with someone leading discussion at the table head writing on a whiteboard; image used for blog post about in-person not-for-profit board retreats

This means, among other things, that they can be trusted to always act in their not-for-profit’s best interests, avoid unnecessary risk, make decisions thoughtfully and execute them efficiently.


Continue Reading The Fiduciary Duties of Not-for-Profit Board Members

As trusted business advisors, we enjoy working with you to co-create ideas and co-develop innovative solutions for your business. Even amidst the COVID-19 pandemic, we still want to continue providing valuable information, including upcoming Houston events that we support, and think may be of interest to you.

  • Houston Business Journal
  • National Association for Corporate Directors
  • Texas Society of CPAs – Houston Chapter
  • Turnaround Management Association

If you have questions about any event details or registration information, the organization-specific contacts are below. We hope to see you at any or all of these Houston events!


Continue Reading Mark Your Calendars! Upcoming June 2021 Houston Events…