The Connecticut Higher Education Trust recently reported online criminals had stolen $1.4 million from 21 investors, highlighting the vulnerability of college-savings accounts. Experts suggest protecting yourself by checking your account balance regularly and by being wary of what you post on social media.
The Government Accountability Office has issued revised generally accepted government auditing standards used to perform audits of government entities and entities receiving government awards. A more in-depth look at the revision prepared by the AICPA Governmental Audit Quality Center is available in this practice alert.
The Internal Revenue Service has issued procedures that eliminate the requirement for many exempt organizations to list certain substantial donors' names and addresses on Form 990, Return of Organization Exempt From Income Tax, and certain other forms in the Form 990 series. The rules, however, do not apply to Sec. 501(c)(3) public charities, which must still disclose that information.
Four states have sued in US District Court, asking the court to invalidate the $10,000 limit on the deduction for state and local taxes that was enacted as part of last year's tax-overhaul legislation. The states claim the cap is unconstitutional and causes them irreparable harm.
Volunteering at a not-for-profit organization can lead to a job opportunity or can give you valuable experience to add to your resume. In addition to letting you apply existing job skills, volunteer positions help you turn professional weaknesses into strengths.
A package of bills introduced in the Senate would make it easier for small employers to participate in pooled employer retirement plans and would encourage adoption of automatic enrollment.
The JOBS and Investor Confidence Act of 2018 has cleared the House in a 406-4 vote. The package could help companies raise money and go public.
Jurecka, CFO of primary insurance subsidiary Ergo Group, will succeed Joerg Schneider, who is retiring.
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