1. Digital Wallets! The World is changing and so is how people pay. People don’t want to dig through their wallets, or purses, or find their checkbooks. This is why digital wallets are so important. Donors are looking for an easier experience which means you need to...
2023 Nonprofit Update
As we turn the calendar page from 2022 to 2023, we do so with hopes, aspirations, and resolutions for improvement… this is important as 2023 will require a significant level of innovative thinking, re-evaluation, and change. I’m not going to sugarcoat it; 2023 will...
Ken Cerini Inducted in LIBN Hall of Fame 2022
Ken Cerini was inducted in the Long Island Business News Hall of Fame. Listen to his incredibly inspirational success story above! Ken is the Managing Partner of Cerini & Associates, LLP and is the executive responsible for the administration of our not-for-profit and...
Changes to the Tax Treatment of Research and Development Costs for 2022 Tax Year
Passed in 2017, the sweeping tax reform known as the Tax Cuts and Jobs Act (TCJA) was passed as part of the budget reconciliation process, which required that the reform not add to the deficit beyond ten years. Many of the reforms were considered to be “taxpayer...
Are Bonuses Really Taxed Higher?
It is the end of the calendar year and the holiday season which can mean for many employees their employer will be looking to reward a year of hard work with year-end bonuses. Both employees and employers can often be shocked and saddened when they see the net pay...
Cerini Connection: Creating Scalable Solutions for People with Disabilities and Their Families
December 2022 Cerini Connection Topic: Creating Scalable Solutions for People with Disabilities and Their Families Ken Cerini and guest Charles Hammerman of The Disability Opportunity Fund discussed how to create scalable solutions for people with disabilities and...
Nonprofit Organization Funding: NYS Securing Communities Against Hate Crimes Program
State and Federal Funding On November 7, 2022, Governor Kathy Hochul announced that nonprofits and community-based organizations at risk of hate crimes or attacks can strengthen safety and security measures through newly made available state funding. Additionally, she...
Segregation of Duties
Segregation of duties is a commonly used and widely accepted internal control practice. It is the process of taking shared responsibilities of a key process and dispersing the critical functions of that process to more than one person or department. Implemented...
Mandatory Federal Premium Reporting Requirement
What is the Federal premium reporting requirement? The Consolidated Appropriations Act (2021) was passed by Congress on December 21, 2020 and signed into law on December 27, 2020. It is responsible for the implementation of a new annual reporting requirement that...