The myriad of rules and regulations governing not-for-profit organizations further complicate the annual reporting process and may even attach severe penalties for non-compliance. While ever-changing regulations challenge even the best organizations, today’s not-for-profit requires professional advice that keeps management up-to-date on various trends and practices to help avoid penalties, maintain tax-exempt status and assure credibility with stakeholders.
Ann Arbor Club | 103 E Liberty Ste# 300 | Ann Arbor MI 48104 |
Wednesday May 2 2018 | 4:30PM — 6:30PM
Thursday April 19 2018 | 7:30AM – 10:00AM |
Hosted at UHY’s training center in Farmington Hills
There are many intricacies involved in administering retirement plans. The implementation of sound internal controls is necessitated by the many rules retirement plans are subject to, and by the fact that some of those rules tend to change quite frequently. Because of the complexity of those rules, mistakes (generally human errors) can occur in almost all retirement plans, even plans run by experts.
Often times what attracts a person to a nonprofit board is a shared interest or passion for the mission of an organization. Of course this is important, as a board position requires an ample amount of volunteer time. However, it is important for board members to not lose sight that they are ultimately tasked with the governance of the organization. A point that should not be taken lightly. The importance of this responsibility is demonstrated by the IRS annual Return of Organization Exempt from Income Tax (Form 990) which dedicates an entire section to governance, management and disclosure, and includes a list of all board members.
UHY LLP (“UHY”), today announced its $25,000 sponsorship of the Double H Ranch. Based in Lake Luzerne, New York, The Double H Ranch is a philanthropic program with global reach that serves over 60,000 children dealing with life-threatening illnesses. The goal of this sponsorship program is to create more awareness, donations and volunteer support for the ongoing “Mission Awareness” campaign for the Double H Ranch, which is just one hour north of UHY’s Albany, NY office.