By Norma Sharara, JD and Joan Vines, CPA On Dec. 31, 2018, the IRS released Notice 2019-09 (the Notice), providing interim guidance regarding Section 4960 of the Internal Revenue Code (the Code) that was enacted on Dec. 22, 2017, by the Tax Cuts and Jobs Act (the Act). The...
Nonprofits usually accept any donations given to them, but when do nonprofit leaders know where to draw the line? This article discusses what nonprofit organizations should consider before accepting donations. To view this article, click HERE to access the original content. ...
As a pharmacist, assessing the status of your pharmacy on a daily basis can help create a more successful and profitable pharmacy. This article discusses three critical questions every pharmacist should ask themselves. To view this article, click HERE to access the original content. ...
By Marc Berger, CPA, JD, LLM The bill known as the Tax Cuts and Jobs Act, enacted in December 2017, added new Section 512(a)(7) to the Internal Revenue Code (IRC). This new section requires tax-exempt organizations to increase their unrelated business taxable income (UBTI) by the amount paid or incurred...
By Jake Cook, CPA The 2018 Internal Revenue Service draft Form 990-T and Instructions were released in October 2018. Due to the tax reform provisions in the Tax Cuts and Jobs Act of 2017, the form and instructions include several necessary revisions. The significant modifications include: Calculation of UBTI (unrelated...
Because of the pace of innovation, pharmacies must revamp training programs to solve the workforce shortage. This article discusses how pharmacies can build a solid foundation to solve the current workforce shortage. To view this article, click HERE to access the original content. ...
By Andrea Wilson What is a safe and cost-effective way to transport vaccines to children in developing countries? Many life-saving vaccines and antiretrovirals need to be stored in specific temperatures and conditions difficult to accommodate during long periods in transit. One international nongovernmental organization (NGO) discovered drones equipped with climate-controlled...
Pharmacists can increase their patient retention and meet the needs of drug manufacturers by providing great patient care. This article discusses ways to improve patient care in the pharmaceutical industry. To view this article, click HERE to access the original content. ...
By Adam B. Cole, CPA Alleviating homelessness. Providing healthcare. Advancing educational and economic opportunities. While nonprofit organizations may have a social purpose, they are, by definition, businesses that need to focus on profitability to further their mission. Like their for-profit brethren, they must have sound governance and financial practices, including a...
By Alex VanVeldhuisen, IGP “Our Information Governance program looks like an abandoned fairground in my mind … each old ’ride’ representing a technology, software or server with data and information we no longer use, need, can find or know what to do with.” Quote from a Manager at a Public...
