2021 2022 2023 401(k)/403(b)/457(b) Elective Deferral Limit $19,500 $20,500 $22,500 Catch-up Contribution Limits:(for Plan Participants age 50 and older) 401(k)/403(b)/457(b) Plans $6,500 $6,500 $7,500 SIMPLE Plans $3,000 $3,000 $3,500 Traditional IRA/ROTH IRA $1,000...
If you’re starting a business today, it’s a near certainty that you’ll need to accept credit and debit card payments. Whether it’s a brick and mortar, on the go, or the obvious e-commerce environment, more and more people are going cashless (that’s an entirely...
The COVID-19 pandemic has presented many challenges for nonprofits making it difficult for them to operate as they have in the past. During this time, especially throughout 2020, many nonprofits and their employees were not able to offer in person services. Instead,...
As we peer into our special nonprofit crystal ball, it is clear that artificial intelligence (AI) will play a major role in transforming how charities and organizations work. By 2023, AI technology will have advanced significantly and become more accessible, allowing...
Before the pandemic, many schools were in the process of implementing a 1:1 device for students and staff. With the onset of remote learning, that timeline was hastened. Schools not only have to consider the cost of the devices, but the ability to use the devices...
As many districts we work with use Finance Manager’s nVision program as their financial application system, we reached out to our contacts there to provide some of the features that can help with new school year and year-end processes. Below are some highlights they...
Cyber coverage in the public school arena is challenging. In a recent demographic study of K-12 public school districts, school districts with larger enrollments and lower economic metrics are more likely to see a cyber event than those with a smaller enrollment and...
In our roles as either internal or claims auditors for school districts on Long Island, we are often asked about whether certain purchases can be considered a gift of public funds. While we often recite the regulations per the School Law book when providing an answer,...
Since the onset of the COVID-19 Pandemic, the cybersecurity environment has rapidly transformed. The frequency of incidents and cyber liability insurance claims have multiplied exponentially and continue to grow. Cyber Liability Insurance underwriters are on high...
