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Season Olson

Are you pinning?

by Season Olson on February 13, 2012

Pinterest is the new online craze.  It began in December 2009, and last fall Time magazine declared it one of the “50 Best Websites of 2011.” By the end of December 2011, there were 11 million visits, primarily by women between the ages of 25 – 44 – a prime demographic to reach. So what [...]

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Fraud is a prominent and expensive problem

by Season Olson on January 24, 2012

Employee theft was a prominent – and expensive – problem in 2011, but there are some noteworthy trends that can help you prevent similar loss within your organization. Marquet International Ltd. has studied white-collar crime in the United States for the past four years, and its most recent report – The 2011 Marquet Report on [...]

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1,300 local organizations lose tax-exempt status

by Season Olson on June 17, 2011

On June 8, 2011, the Internal Revenue Service (IRS) announced the revocation of nearly 275,000 nonprofit organizations’ tax exemption.  Of those, approximately 1,300 are in the Greater Cincinnati area.  These organizations did not meet the legal requirements to file annual tax forms for three consecutive years and consequently lost their tax-exempt status.  Congress passed the [...]

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Non-profits don’t have to be a victim

by Season Olson on October 19, 2010

Many non-profits face the very real risk of internal fraud and embezzlement whether or not you realize it.  Unfortunately, this risk is magnified during times of economic uncertainty, when employees may be facing extreme financial pressure.  Jeff Schmitt, a senior manager at Barnes Dennig and the leader of the firm’s non-profit client service team, published [...]

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Health Care Credit for Non-Profits

by Season Olson on September 27, 2010

The IRS recently released guidance for small businesses and non-profits that are eligible for the health care credit that was unveiled in March. Small businesses will include it as a general business credit on their income tax returns; non-profits will claim it on a revised Form 990-T. If your organization does not normally file a [...]

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