From mandatory e-filing to a change in the excise tax rate for private foundations, there is no question that significant changes are on the way for tax-exempt organizations in 2020. GHJ Nonprofit tax expert Lizbeth Nevarez offers an in-depth overview of the many changes and important actionable steps for tax-exempt organizations below: Repeal of Employee Parking Tax [...]

Originally published on Thomson ReutersCongress recently passed, and the President signed into law, the SECURE Act, landmark legislation that may affect how you plan for your retirement. Many of the provisions go into effect in 2020, which means now is the time to consider how these new rules may affect your tax and retirement-planning situation.Here is a look at some [...]

One of the best things about one year ending – and the next beginning – is the ability to reflect on lessons learned. Finishing up year two as Managing Partner of GHJ, I am aware there are many lessons and ways I get to prepare for year three. As I look back on 2019, I am proud of the many accomplishments at GHJ. We have experienced one of the greatest growth years i [...]

It is a unique time for women in business. More than ever before, women are being heard and recognized as valuable members of the work force. According to Grant Thornton’s 2019 Women in Business Report, women hold 29 percent of senior management roles and 87 percent of global businesses have at least one woman in a senior management role. While these are some of the [...]

The evolution of the traditional workforce has made a significant impact on how GHJ (GHJ) finds and retains top talent. With this evolving workforce, GHJ had two options: 1) resist and risk losing great talent or 2) lean into and embrace the changes. GHJ chose to embrace those changes, and the first step was to collaborate with The Mom Project. The Mom Project is rew [...]

On August 21, 2019, GHJ hosted its latest Women’s Empowerment Speaker Series on the importance of flexibility in the workplace. The session, titled “Flexibility isn’t a ‘women’s issue,’” was an intentional topic of discussion due to the common misconception that women are the only ones needing flexibility. Millennials, fathers, people caring for elderly parents, peo [...]

Following the 2 part blogs “How and Why are Private Foundation Financial Statements Changing Under ASU 2016-14?” by Amy Eybsen, I decided to share certain frequently asked questions from our private foundation clients during their implementation of the ASU. Investment Expenses Q: The ASU states that investment return shall be displayed as net of external and direc [...]

The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-14 “Not-for-Profit Entities (Topic 958): Presentation of Financial Statement of Not-for-Profit Entities” is the biggest change to nonprofit financials in years. In our two-part series “How and Why Private Foundation Financial Statements are Changing Under ASU 2016-14,” GHJ [...]

When a business has more women in leadership positions, or significant numbers of diverse decision makers, it will generate more profits and out perform competitors. Research backs this up: McKinsey found that diverse companies studied were 35% more likely to have financial results above industry average. Those business improvements include surges in innovation, whi [...]

The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-14 “Not-for-Profit Entities (Topic 958): Presentation of Financial Statement of Not-for-Profit Entities” is the biggest change to nonprofit financials in years. In our two-part series “How and Why Private Foundation Financial Statements Changing Under ASU 2016-14,” GHJ Nonpr [...]