Watch an in-depth overview of the latest tax and accounting updates impacting the nonprofit sector On August 9, 2023, BPM hosted what has historically been the most popular installment of its Nonprofit Education Series: Accounting and Tax Update. The webinar was hosted and moderated by Daniel Figueredo, BPM’s Nonprofit Co-Leader, and featured detailed remarks from: Shannon Winter, Partner, BPM’s Nonprofit Co-Leader Jeff Carrick, Partner, Assurance Elena Serebriakova, Managing Director, Tax Darlene Flores, Manager, Tax Logan Weaver, Associate II, Tax This interactive session focused on a numb ..read more

As a highly specialized area of information technology, cybersecurity is particularly demanding. Some organizations, especially large enterprises, prefer to invest in in-house cybersecurity because they have underutilized IT employees who can take on additional or higher-level roles or be trained to do so. Other businesses may work with the federal government, which has very strict standards and guidelines for information security. More organizations, however, are offloading these tasks to cybersecurity companies and outsourced and managed services providers. In a fast-moving environment of ch ..read more

In the wake of the COVID-19 pandemic, many aspects of our professional lives underwent a significant transformation, including the way employment verification was conducted. One of the notable flexibilities granted during the pandemic was the remote verification of Form I-9, which allowed employers to verify their employees’ eligibility for employment without requiring in-person document inspection. However, as of July 31, 2023, this temporary flexibility has come to an end, ushering in a new era of compliance with revised rules. This change implies that employers can no longer rely on remote ..read more

In the wake of the COVID-19 pandemic, many aspects of our professional lives underwent a significant transformation, including the way employment verification was conducted. One of the notable flexibilities granted during the pandemic was the remote verification of Form I-9, which allowed employers to verify their employees’ eligibility for employment without requiring in-person document inspection. However, as of July 31, 2023, this temporary flexibility has come to an end, ushering in a new era of compliance with revised rules. This change implies that employers can no longer rely on remote ..read more

Tips for keeping electronic information safe While big data presents businesses with a treasure trove of insights and opportunities, it also presents a significant security challenge. No matter what size they are or what industry they are in, all organizations need data security management and monitoring to protect customer privacy, as well as safeguard their own. One of the main challenges faced by businesses is not knowing where, what or how much data they have, or who has access to it. In addition, various types of data are regulated differently and carry multiple levels of security risks ..read more

What to think about when starting a security operations center If you aren’t continuously monitoring your business network for attacks and threats, you should be: the number of attempts to infiltrate systems is rising — by 50% per week in 2021. Trends like the growth of ransomware-as-a-service and the rise of artificial intelligence (AI) will only lay the ground for more advanced, highly sophisticated attacks in the very near future. This alarming state of affairs is leading many CISOs, CIOs and executive teams to consider creating an internal security operations center (SOC), a department res ..read more

Watch a replay of BPM’s recent webinar to learn everything you need to know about Form 990. Co-authored by Elena Serebriakova, Jena Lee and Nancy Ahn On July 13, 2023, BPM held a webinar that explained the key concepts of Form 990. The presentation was tailored to individuals new to or working on increasing their familiarity with the form and all of its components. Moderated by BPM Tax Managing Director Elena Serebriakova, this in-depth tutorial featured detailed overviews by BPM Tax Managers Jena Lee and Nancy Ahn. All presenters have extensive experience assisting nonprofit organizations thr ..read more

Current market conditions are challenging, but deals are getting done. BPM Partners Terry Hill, Michael VanderKlugt, Julie West and Dan Winter discuss how companies in need of liquidity can best position themselves for success. Achieving liquidity is challenging in today’s uncertain market conditions, particularly for mid-market and emerging companies. To succeed at raising funding — be it debt or equity — or selling your company, organizations need to relentlessly focus on preparation, strategy and execution in an environment where competition for capital is fierce. The playbook from nine mon ..read more

Business valuation for divorce purposes: Standards of value by state and the treatment of personal goodwill Divorce matters can be challenging and sensitive. Add in a closely held business and the division of property can quickly become a highly contested issue. When less clearly defined business ownership interests are included in the process, the parties involved will often disagree over the value of such interests, often necessitating the need for an objective expert valuation of the business. Unfortunately, the valuation exercise is further complicated by jurisdictional statutes and case l ..read more

Just a few years ago, the idea of cloud computing was considered a luxury by many – an option that would give teams greater access to resources, business owners lower overhead costs and CTOs less to worry about at night. However, the pandemic shifted that transition into overdrive, and the on-demand availability of computing resources has become a necessity for businesses around the world. The advantages of cloud computing are easy to see (figuratively) The benefits show themselves everywhere, from monthly overhead savings, to proactive disaster recovery planning that could keep as much as $11 ..read more