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Featured Insights

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Navigating Federal Funding Freeze Uncertainty: What Organizations Need to Know and Do

In an unprecedented move, the Office of Management and Budget (OMB) issued Memorandum M-25-13 on January 27, 2025, implementing a temporary pause...

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Are You Leveraging Your Software’s Full Potential?

In the realm of financial management, accounting software integration is a game-changer. It’s a key strategy for businesses seeking to...

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Nonprofits Pivot from Survival to Resilience: BDO 2023 Nonprofit Standards Benchmarking Survey

The BDO 2023 Nonprofit Standards Benchmarking Survey of more than 250 nonprofits highlights a crucial shift in the nonprofit sector...

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Sassetti’s Insights

Manufacturing Tax Team Thoughts

What is UNICAP? Section 263A Explained

What is UNICAP? ​ UNICAP is an IRS tax treatment rule.  It is also considered an IRS accounting method, but…

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Human Resources Team Thoughts

HR Q&A – Rules for Form I-9

Nonprofit

Nonprofit Volunteers: Unpaid Employees or Independent Contractors?

Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as…

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Nonprofit

2024 Revised Uniform Guidance

2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial…

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Private Client Services Team Thoughts

Tis the Season for a Roth IRA Conversion

November and December are often the months of the year when people do a Roth IRA conversion. Before we get into…

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Management Nonprofit Team Thoughts

Expense Allocation in Managing a Non-Profit Organization

Expense allocation is a crucial aspect of managing a non-profit organization. Proper allocation ensures that resources are used efficiently and…

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