PBMares Accounting Blog

DOL Overtime Rule Blocked

Posted by Kevin F. Reilly, J.D., CPA, CGMA & Edward T. Yoder, CPA, MSA on Nov 23, 2016 1:25:41 PM

 

U.S. District Judge Amos Mazzant, a federal judge in Texas, granted a preliminary injunction blocking the U.S. Department of Labor (DOL) from implementing a controversial rule expanding overtime protection under the Fair Labor Standards Act on Tuesday Nov. 22, 2016. 

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Topics: Not-for-Profits, Club Industry, Tax Updates, NFP Board

Strategically Planning Your Organization’s Future Through Board Development

Posted by Brian Windley, CPA on Oct 5, 2016 8:30:00 AM

Our world is changing at a record pace, particularly here in the United States.  As a result nonprofit organizations need to plan accordingly, not only with respect to current programs, services and financial matters, but also strategically when looking to the future and the organization’s long term goals.  One way nonprofit organizations can structure themselves to achieve their long term goals is through board member development to ensure the best leaders are in place for the future. 

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Topics: Not-for-Profits, NFP Board

Explaining the New FLSA Overtime Rule

Posted by Kevin F. Reilly, J.D., CPA, CGMA on Sep 15, 2016 2:33:18 PM

The Labor Department has issued a rule that doubles the salary threshold for overtime exemption, effective Dec. 1. This is a big change for business owners and workers alike. But why? And how big? Here’s an explanation.

What’s an overtime exemption? Is it good or bad?

It depends on which side of the payroll you’re on. Employers, generally speaking, like their workers “exempt.” Workers, by and large, prefer to be “nonexempt.” This is because to be “nonexempt” means to be protected under the minimum wage and overtime provisions of the Fair Labor Standards Act. Workers who are “nonexempt” are entitled to be paid a certain minimum wage (currently $7.25 per hour nationwide, but higher than that in most states), and are also entitled to be paid time-and-a-half for any time spent working beyond 40 hours in a week.

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Topics: Not-for-Profits, Club Industry, Tax Updates, NFP Board

Nonprofit Fundraising: How to Engage and Encourage Your Board Members

Posted by Bo Garner, CPA, MBA on May 12, 2016 11:04:48 AM

The old cliché for nonprofit Board members is “give, get, or get out.” This adage may be appropriate for your organization, but each nonprofit and their respective Board should be unique. Not every Board member can be a rainmaker, or has deep pockets. They should however be involved, committed, and bring something to the table. The Board’s primary focus should be organizational governance and strategic planning, but there should also be fundraising aspects. Preceding fundraising actions, proper recruiting, onboarding, and training are paramount to the success of each Board member’s efforts. Below are three fundraising ideas for your nonprofit’s Board to assist in fundraising.

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Topics: Not-for-Profits, NFP Board