In our recently released whitepaper, The Give and The Get: The Future of Philanthropy, we noted that many nonprofits are now investing funds in a way that promotes equity. These investments are made with the intent to generate a measurable, beneficial social or environmental impact alongside a financial return. Of our survey respondents, 23% invest all or part of thei [...]

This year I attended the The American Institute of CPAs Not-For-Profit Industry Conference in Washington D.C. I reported back on some key takeaways from the conference during our annual accounting and tax update on July 19. I also find it important to share insights from my conversation with Eliz Hovsepian, Vice President of Finance & Controller at Children's Ins [...]

“Working remotely” or “Working from home” was taboo for many old-school thinkers in the work force. It was code phrase for “you are just taking the day off.” But in today’s day and age with the technology that is available to companies, is it really all that unbelievable to be able to work from anywhere, anytime? Silicon Valley companies are known to be at the forefro [...]

As a Houston native, the recent tragedies brought on by Hurricane Harvey are very personal to me. While I think about the devastation my friends and family are going through in Southeast Texas, I am aware that an important part of the healing process is recovery. Once everyone is safe they will need to get back to work, if at all possible. Companies, as well as indivi [...]

Technology has become an integral component of the accounting industry. What was once exclusive knowledge is now overwhelmingly convenient for everyone to access. Today’s technological advances have completely reshaped the landscape and changed the dialog we have with our clients. For much of accounting’s history, our job was to look backward and be our clients’ tr [...]

Many tax-exempt organizations invest frequently in foreign alternative investments (e.g., hedge, private equity, real estate and venture capital funds). When investing into such funds, these tax-exempt organizations’ primary tax concern is generally to mitigate their risk of Unrelated Business Taxable Income (“UBTI”). Funds commonly avoid this UBTI issue for their ta [...]

On August 3, 2017, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update (ASU) intended to clarify and improve the scope and accounting guidance for contributions received and contributions made, primarily as it relates to not-for-profit entities (NFPs). The proposed ASU covers two significant topics: Helps organizations decid [...]

A passion for clients. An innate curiosity. David Horwich has both of these qualities and, combined, they allow him to have a dogged interest in helping clients solve challenges. David’s special skill is analyzing ways to optimize business performance and increase shareholder value. He does that in a very particular way: he offers nearly 30 years of investment banking [...]

A loan-out company is a business entity in which an individual is the sole owner as well as the employee who furnishes their personal services to outside production companies. It is very common for performers and high income earners in the entertainment industry to form a loan-out corporation or a limited liability company in order to provide themselves with liability [...]

If you are anything like me, then you are a very tall man who loves to eat. As such, I rarely exclude anything from the realm of possibilities of my diet. That is not to say I do not eat healthy, but I cannot think of many examples of foods that I would purposefully ignore or avoid if they tasted good enough. On the exact opposite side of this spectrum is my dad. You [...]