By: Margaret Karren I often hear Executive Directors say that they have board members who aren’t living up to their expectations or they are having trouble recruiting new members. If this sounds like your organization consider forming a Governance Committee. The core responsibilities of this committee are board development issues. Their responsibilities include: Di [...]

By: Pratish Patel On Tuesday, February 18, I had the privilege of attending the workshop “The Good, the Bad and the Ugly: The Path to a High-Performing Board,” which was hosted by my very own firm GHJ. I am an Audit Associate at GHJ and have been with the firm for just over a year now. In the past year, I have learned a lot and have had many unique opportunities both [...]

Yesterday’s panel discussion on best Board practices explored some interesting ideas around Board engagement and fundraising. We will continue the discussion through upcoming blog postings. A few tips for making Board meetings more effective were mentioned yesterday, and as a reminder: The most important items should be first on the agenda, allowing sufficient time f [...]

On Tuesday, February 18, we will kick off the first of our quarterly nonprofit workshop series for 2014 with " The Good, the Bad, and the Ugly: The Path to a High-Performing Board," which will include a panel discussion on best Board practices. Why is an effective Board so critical? Well, in the words of a major philanthropic funder in Southern California, Weingart Fo [...]

While royalty and profit participation agreements can provide tremendous income opportunities for many in the entertainment industry, ensuring they are administered fairly can be challenging. Those that license intellectual property must ensure that their property rights are protected and that royalty statements are accurate. Failure to effectively review or audit rep [...]

Last April, I blogged about the value of volunteers from a financial statement standpoint, and there is no doubt that volunteer engagement is crucial to most nonprofit organizations. Volunteers increase capacity, are cost effective and extend a nonprofit’s reach by getting the word out, engaging their networks and becoming advocates. And of course volunteers are more [...]

Popular employer sponsored retirement arrangements allow an employee to redirect up to $17,500 of annual earnings into these qualified plans. Additionally, employers have an option to make matching contributions using it to boost employee retention and moral. However, according to a Fact Sheet released this week by the Treasury Department, approximately half of all wo [...]

At a recent Finance Committee meeting of one of my clients, a question was raised about appropriate check signing levels. While every organization is different, the following three part signing resolution can be considered a guide for medium-sized organizations: Up to $10,000, any one officer or director. Up to $50,000, any two officers or directors. Over $50,000, [...]

Welcome to the Entertainment Newsletter, containing content related to the people, news and business issues we see in our day-to-day service to the industry.In this issue:What Profit Participants Need to Know – Product Placement and Product Integration in Television Traditionally, producers have generated revenue from license fees paid by networks and syndicators [...]

The 4th Quarter of 2013 was a relatively quiet time in California from a tax legislative perspective. The Franchise Tax Board (FTB) held interested party meetings for potential amendments to its sales factor market sourcing rules and to clarify the treatment of a corporate partner’s interest in a partnership for income/franchise tax purposes. Additionally, California [...]