Hurricane Harvey relief: IRS provides guidance on leave – sharing programs

Notice 2017-48, 2017-39 IRB; IR 2017-143 In a Notice and accompanying news release, IRS has announced that employees won’t be taxed when they forgo vacation, sick, or personal leave in exchange for employer contributions of amounts to charitable organizations providing relief to Hurricane Harvey and Tropical Storm Harvey (collectively, Hurricane Harvey) victims, and employers may… Read more »

Employee Wellness is a Big Part of Our Company Culture

At Larson and Company, employee health and wellness is an important part of company culture.  Employees at Larson are valued members of our team, and we encourage all employees to exercise healthy habits in order to be happier and healthier people.  Employees can participate in the Wellness Program and find tools to help motivate and… Read more »

Navigating QuickBooks Online

by Jessica Donaldson Are you new to QuickBooks Online? Maybe you have never used any version of QuickBooks before and aren’t sure where to start. Or maybe you have switched from a desktop version to the online version and noticed they look nothing alike. Either way, knowing how to navigate QuickBooks Online is essential if… Read more »

DOES YOUR NONPROFIT’S BOARD UNDERSTAND ITS FIDUCIARY DUTIES?

Interest in not-for-profits’ governance practices from lawmakers, watchdog groups and the general public has been growing in recent years. If your board hasn’t reviewed its roles and responsibilities recently, now is a good time. 3 primary responsibilities Nonprofit board members — whether compensated or not — have a fiduciary duty to the organization. Some states… Read more »

ARE YOU UP TO SPEED ON YOUR ERISA BOND REQUIREMENTS?

The Employee Retirement Income Security Act of 1974 (ERISA) generally requires that people who handle funds or property of a qualified retirement plan, such as a 401(k), be bonded. So if your organization sponsors a qualified plan, it’s important to stay up to speed on your bonding requirements. These bonds are sometimes referred to as… Read more »

State of the Art Technology Services Is Critical Business Growth and Operations

Technology has become an ever presence and critical component of modern life. This is especially important in business operations and small business growth. Virus protection, technology infrastructure, technology upgrades, communication technology, and accounting software all play a pivotal role in maintaining smooth operations and the expansion of services. At the same time, many small businesses… Read more »

Protect your Nonprofit by Cross-Training Staff

What would happen if one of your not-for-profit’s key people suddenly quit or had to go on long-term disability? Would you be able to conduct business as usual? To prevent a critical function from possibly coming to a standstill, consider cross-training staff. Organization benefits Cross-training personnel means that you teach them how to do one… Read more »

Wellness at Work with the Mile-A-Day Challenge!

Wellness at work is one of the biggest challenges of being a professional. At Larson & Company, we encourage wellness among our employees through monthly challenges. This gives them the opportunity to become healthier in a variety of ways. For the month of July, Larson employees participated in a 30 Day Wellness Challenge:  Move a… Read more »

QuickBooks Online – Which Plan Is Best For You?

QuickBooks Online is becoming more and more popular to use for small business owners – and it isn’t hard to see why! With QuickBooks Online, you have the option to pay month to month, to download transactions directly from your online banking, and to add a payroll subscription if necessary. It is a web based… Read more »

How to avoid tax headaches when employees travel out of town on business

Business travel, an expensive and time-consuming activity for both the employer and employee, also can create tax problems for all concerned unless the rules are followed to the letter. If it’s done right, business travel will be fully deductible by the company (but only 50% of travel meals are deductible), tax-free to the employee, and… Read more »