Fair Labor Standards Act Regulation for 2016 - Topic for June 28, 2016

On December 1, 2016 the threshold salary for overtime exemption will rise to $47,476 per year. To prepare your nfp for possible changes in employee salary/hourly status, and to learn about non profits exempt from this new law, make plans to join us Tuesday, June 28, 2016 when Bethany Holliday, PHR, SHRM-CP, Director of The Cornerstone Group's TotalHR, will present the basics of the ruling, how you can prepare for the change, and whether your non profit is exempt from the ruling.

FASB's Fickled Finger of Change Roundtable - Topic for May 24, 2016

Never fully satisfied, FASB, the Financial Accounting Standards Board, is working diligently to implement significant changes that will affect all non profits.
From mandating that all leases be accounted for as capital lease expenditures to re-designing the financial statements to better reflect cash flow, there will be much to discuss at the meeting Tuesday, May 24, 2016. The meeting will be a roundtable discussion of the changes FASB plans to roll out in the near future. From that discussion, a central topic will emerge to be addressed by an expert speaker in June.

Assessing your nfp's Risks - Topic for April 26, 2016

Nothing adversely affects the health non-profits more than bad publicity. Whether it's caused by employee theft, poor management, data breaches, an IRS or grant audit, or a multitude of other reasons, every non-profit wants to avoid bad publicity at all costs.

One way to do so is to conduct an Enterprise Risk Assessment. If you've not done this, or even if you have but want to learn about how others conduct the exercise, then make plans to join us Tuesday, April 26, 2016 when Gina Cochran of Kerber, Eck & Braeckel will walk through assessing risks of financial internal controls and how that process can be expanded to include other areas of your nfp.

Take Control of Internal Controls - Topic for March 22, 2016

Does your nfp have an internal control manual, the compliance of which is tested by outside professionals annually? An investment policy? How about risk management? Does your nfp purchase appropriate levels of insurance coverage? How about a clearly-understood disaster recovery plan? Are staff even aware of the most common forms of fraud?

If you would like guidance on any of these questions, then make plans to join us Tuesday, March 22, 2016 when Jim Rose of Purk & Associates P.C. will present an Internal Control slide show created by the AICPA, followed by a roundtable discussion of the Internal Control and Risk Management areas that most concern your nfp.

The April meeting will feature an expert speaker to address the areas of concern agreed upon at the March 22 roundtable.

Labor Law Roundtable - Topic for January 26, 2016

It is the start of a New Year and with that comes preparation of IRS forms W-2 and 1099MISC, and annual concern that some independent contractors should be employees and some employees might be best classified as independent contractors. Then there is the distinction between employees subject to Wage and Hour laws of the Fair Labor Standards Act. How to determine what employees are eligible for overtime and those who are not? If these and other labor related questions perplex you, then make plans to join us Tuesday, January 26 for a Roundtable discussion on Labor Law. The main questions and issues that emerge from the meeting will be addressed by an expert in this area at the February 23, 2016 meeting.

Affordable Care Act in 2015, Get Ready for Reporting Requirements - Topic for December 1, 2015

It is that time of  year!  In addition to preparing for W-2's, 941's, and 1099MISC forms, we also will be responsible for complying with ACA in 2015.
So as 2015 draws to a close, let's take a moment to turn our attention away from sugar plums, hot spiced cider, and everything nice, to meet Tuesday, December 1, when Troy Lindsey of BKD will overview the various 2015 reporting requirements brought on by the Affordable Care Act.

Preparing for New Credit Card Standards and Chip Technology - Topic for October 27, 2015

Does the mere mention of PCI and EMV send you into a state of panic? Do you stay up at night thinking of how your nfp can stay compliant with credit card processing standards so that it does not become prey to hackers and scams? Even if you did not answer yes to these questions, you'll want to make plans to join us Tuesday, October 27, 2015 when Commerce Bank's Susan Aiello, Sr. VP, Treasury Management, Andy Preuhs, Regional Sales Manager - Merchant Services, and Ashley Roche, Account Executive - Merchant Services, will walk us through the new credit card processing standards and chip technology. We'll learn what makes new card processing more secure and effective, what the new cards will look like, what to do when processing non-EMV cards, and the hardware or software upgrades that are needed for EMV card processing.