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Flip boar rendering of the year 1969

How the Workplace Has Changed Over 50 Years

Halt, Buzas & Powell is 50 years old! We are excited to be celebrating half a century of helping clients fulfill their unique visions of success. While “success” looks different for everyone, office expectations and behavior tend to be more or less consistent across the country – but not across time!  As part of our Focus on 50 anniversary celebration, we’re taking a look at some of the huge workplace changes we’ve witnessed over the years.

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Male in suit examines financial docs

7 Ways to Practically Guarantee Your Nonprofit a Date with the IRS

Completing Form 990 takes a lot of time and effort. Nonprofits deal with this substantial challenge each year, dutifully gathering information on all financial activities and filing the mandatory report with the IRS. While NFP leaders typically strive to ensure the accuracy and timeliness of their 990 returns, mistakes can slip through here and there. That’s a concern, and not just because we all like to think we’re fulfilling our tax obligations correctly.

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payroll expenditure or revenue account, profit or loss

What Business and Nonprofit Leaders Should Know about Payroll Tax Audits

What comes to mind when you hear you’re about to be audited? If you’re like most people, it’s an unpleasant idea focused solely on proving the accuracy of recent income tax returns. That’s not the only type of audit though; the IRS conducts a number of less familiar audits that often take business and nonprofit leaders by surprise. Payroll and employment tax audits are a prime example. (While nonprofits aren’t always subject to the same employee taxes as businesses, they must still comply with laws regarding federal withholding, Social Security, Medicare and other applicable payroll taxes.)

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Managed IT system administrator in glasses working on laptop and correcting errors in server hardware

What is Managed IT?

As technology becomes central to everything we do, more and more organizations are turning to managed IT. Those that haven’t yet made the switch to an outsourced IT provider are often unsure about what the service covers or the benefits it offers. After all, we already manage our IT services, don’t we? Of course you do, since every business and nonprofit faces complex technology demands in the digital age – and that’s precisely why managed IT is such a popular choice.

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View from above of three gentleman sitting at table discussing audit

Preparing for the Uniform Guidance Audit (Formally known as OMB Circular A-133): Are You Ready?

Do you work for a nonfederal entity? Does your organization receive federal grants and awards? Does your organization expend $750,000 or more in these awards in one fiscal year? If you answered yes to all of these questions, then your organization is subject to a what is commonly called a Uniform Guidance audit or formally known as single audit in accordance with the Office of Management and Budget’s (OMB) Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards.

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Woman examining data papers for internal audit

Internal Audit Processes for Small Businesses

The word “audit” covers a lot of ground. Upon hearing it, most people immediately think of an IRS review of tax returns, a Single Audit under Uniform Guidance or another of the various legally mandated audit types. Those are big deals, to be sure, but it is the often-overlooked and purely voluntary internal audit that frequently brings the most value to an organization. An internal review of processes and procedures can identify significant issues and provide insight that helps organizations of every size mitigate risks, strengthen internal controls and improve operations.

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