Guidance for Growth

Advisory Watch2024-06-20T13:55:38-04:00

Four Smart Alternatives to Starting a Nonprofit

Starting a nonprofit isn’t the only way to make an impact. Four effective alternatives include partnering with an existing organization, using fiscal sponsorship, creating a donor-advised fund (DAF), and establishing a social enterprise. Each option offers unique benefits and provides greater flexibility in achieving philanthropic goals.

September 17, 2024|Categories: Not-for-Profit|Tags: |

Understanding the Differences: Fidelity Bond vs. Fidelity Insurance for 401(k) Plan Sponsors

In the intricate world of 401(k) plan management, understanding the distinction between fidelity bonds and fidelity insurance is crucial. Explore how to strategically leveraging both fidelity bonds and fidelity insurance, to safeguard your plan’s assets and uphold your fiduciary responsibilities with confidence.

September 11, 2024|Categories: Employee Benefit Plans|Tags: |

The Importance of Total Time Accounting in Government Contracting: Avoiding Pitfalls and Ensuring Compliance

Learn why TTA is so essential and how you can avoid common pitfalls while ensuring compliance.

September 10, 2024|Categories: Government Contracting|Tags: |

FinCEN Issues New Reporting Rules for Real Estate Transactions

FinCEN has issued a final rule, effective December 1, 2025, requiring certain real estate professionals to report non-financed residential property transactions involving legal entities or trusts to combat money laundering. The rule targets high-risk transactions used by illicit actors to obscure identities and launder money through the U.S. housing market.

September 9, 2024|Categories: Construction and Real Estate|Tags: |

Uncovering the Pitfalls: What Could Go Wrong with Fidelity Bonds?

Fidelity bonds serve as a safeguard against losses caused by fraudulent or dishonest acts by individuals who handle 401(k) plan assets. Like any financial tool, there are potential pitfalls and challenges associated with fidelity bonds that could compromise your plan’s security. Learn more about what could go wrong and how you can proactively mitigate these risks.

September 5, 2024|Categories: Employee Benefit Plans|Tags: |
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The content of these articles are accurate as of the date noted below each article. Always ensure you are reviewing the most recent information available. Contact your tax advisor if you need clarification.

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