Accounting Updates

Current Expected Credit Loss (CECL)

Is anyone else tired of the accounting regulations constantly changing? In the past few years, nonprofits have had to deal with an overhaul of revenue recognition rules, “clarifying” (confusing) contributions pronouncements, enhanced disclosure requirements for...

Healthcare Worker Bonus – The Series

If you’re like us, you have certain TV shows that you are totally invested in and can’t wait until the next episode comes out.  Unless you are a masochist, that is probably not the case with respect to the weekly regulation updates coming out from DOH on the...

Healthcare Worker Bonus Update

For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more.   As time went by, the regulations loosened up and...

Inflation Reduction Act and the Increase in IRS Resources

The Inflation Reduction Act was signed into law by President Biden on August 16, 2022.  The bill came as a surprise to many as it appeared somewhat out of nowhere after it was believed any legislation was politically dead.  We discussed the provisions of the act when...

2020 Financial Accounting Standards Board (FASB) Update

The Financial Accounting Standards Board (FASB) recently issued revised implementation dates for two major accounting standards changes. These major changes will undoubtedly bring challenges to private companies, smaller public companies, and nonprofit organizations...

2019 COLA Information

OPWDD has released its 2019 Cost of Living Adjustment (COLA) for monthly SSI amounts that individuals with disabilities may be eligible to receive. Please view the PDFs below illustrating the adjustments that will go into effect as of January 1, 2019. They will be...

The 10 Biggest Changes Business Owners Need to Know about the 2018 Tax Reform

One of the biggest questions that many business owners face heading into the end of 2018 is how will the Tax Cuts and Jobs Act (TCJA) impact their 2018 tax returns. The bill was passed in late 2017 and many of the changes were effective January 1, 2018; however, many...

Securing Communities Against Hate Crimes (SCAHC) Grant Program

Governor Cuomo recently announced that the $10 million Securing Communities Against Hate Crimes (SCAHC) grant program is now accepting applications to help protect New York's non-public schools, day care centers, non-profit cultural museums, cultural centers, and...

Trick or Treat – Letters From Taxing Authorities

One of the scariest experiences for taxpayers can be correspondence from the IRS or other taxing authorities. The mere sight of one of these official letters can turn even the most experienced taxpayer or business owner white as a ghost from fear. Not all letters from...

Session Days Update

With any State instruction, clarification is needed, so it should come as no surprise that the minimum instruction requirement for State Aid is still being discussed. Let’s address the clarification requested during the public comment period following the April 2018...
Session Days Update

Session Days Update

With any State instruction, clarification is needed, so it should come as no surprise that the minimum instruction requirement for State Aid is still being discussed. Let’s address the clarification requested during the public comment period following the April 2018...

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Guest Article: Going to the Cloud

Guest Article: Going to the Cloud

Looking to reduce the risk of disruptions in computer operations and reduce costs? Virtualizing your data center may provide the answer. With the 2% tax-cap and the cost of computer equipment replacement costs, schools are faced with a real challenge finding funds to...

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Reducing the Risk of Ransomware Attacks

Reducing the Risk of Ransomware Attacks

Pretty much every day, there is a news report about a company’s computer system being hacked. The hackers often request large sums of money (usually in bitcoin) in order for the company to unlock its system. For some, paying the ransomware may seem more economically...

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Janus Ruling

Janus Ruling

School districts need to reconsider how payroll deductions for union dues and agency fees are handled in light of the U.S. Supreme Court’s decision in Janus v. American Federation of State, County, and Municipal Employees (AFSCME) Council 31. Before the court’s...

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Substitute Teacher – High Demand, Low Supply

Substitute Teacher – High Demand, Low Supply

Many schools across the country are experiencing difficulties getting substitute teachers, and Long Island is not exempt from this problem. Substitute teaching is often not a steady job; it is coupled with low pay, and more often than not, no health benefits. The pool...

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New York’s New Anti-Sexual Harassment Laws

New York’s New Anti-Sexual Harassment Laws

Effective October 19, 2018, all New York State employers will be required by law to implement a sexual harassment policy within their organizations. This law comes after a tidal wave of sexual harassment allegations that have plagued many American politicians,...

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DOJ Enforcement of §203 the Voting Rights Act

DOJ Enforcement of §203 the Voting Rights Act

While the Voting Rights Act has been around since 1965, there have been many amendments to this act including the addition of Section 203. This Section requires districts to provide materials relating to the electoral process in both English and the language of the...

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Privacy Policy Best Practices

Privacy Policy Best Practices

The rapid change in technology and the constant push to make all things digital in today’s world, has forced individuals to release their personal information to hundreds of companies, servers, and people around the globe. As personal information data is increasingly...

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Ten Tips to Keep Your Office Energy Efficient

Ten Tips to Keep Your Office Energy Efficient

1.) Turn Off Lights and Equipment When Not in Use It’s not everyday that you get such a simple solution to a complex problem, but this tip has withstood the test of time and remains one of the easiest, most direct ways you can save on your energy bills. How many...

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