Legacy Professionals News

Accountable plans remain the most tax-efficient way for nonprofits to reimburse employee business expenses. When properly structured and implemented, these plans allow reimbursements to be

Nonprofits are built on trust — from donors, grantors and the communities they serve. When concerns about possible fraud by an employee arise, trust can

When external conditions change — whether due to economic shifts, policy adjustments or evolving donor priorities — nonprofits that depend on one or two funding

Christine Ernst, CPA was appointed to the Illinois CPA Society’s Not-for-Profit Organizations Committee for the April 1, 2026–March 31, 2027 term. Christine leads Legacy’s Nonprofit

From winter storms and flash floods to wildfires and hurricanes, nearly every region of the United States faces the risk of natural disasters. But organizations

You might be tempted to think that “accountability” is just the latest in a long line of management buzzwords. But if properly embraced, it can

Nonprofits of all sizes often receive donations of tangible property, from clothing and household goods to artwork and equipment. But determining how to value those

With cost-of-living concerns, interest rates and federal funding cuts continuing to be prominent in the headlines, many nonprofit leaders are understandably focused on external economic

“Fiduciary” is a term that gets thrown around a lot these days. But what does it really mean — and to whom should it apply?

Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer