It can be an honor to be asked to serve on the board of a not-for-profit entity but doing so comes with a great deal of responsibility. A not-for-profit entity’s board of directors is responsible for establishing the organization’s policies, procedures and overall organization direction. It is also the board of directors that must ultimately answer to the public and the organizations donors.
More information to follow up on our first article regrading Health Care Reform.
Passage of the Health Care and Education Reconciliation Act of 2010 (H.R. 4872) Reconciliation Act) by Congress, followed by its signing by President Obama on March 30, 2010, completes a massive overhaul of the nation’s health insurance and health delivery systems.
Economists are revising forecasts and predicting a stronger economic recovery as a result of surging profits. A wide range of companies are increasing spending, giving rise to the optimism. “Companies have a lot more capital, and they’re going to deploy it for equipment and hiring rather than sit on it,” said Joseph LaVorgna, chief U.S. economist in New York at Deutsche Bank Securities. “It’s quite possible the economy produces a recovery significantly stronger than people anticipate.”
The Whitlock Company is known for its fantastic professional team. Read more to get to know CPA Shelly Toft, just one of the team members that makes our company great.
The Department of Labor is moving to electronic filing of all Form 5500s starting January 1, 2010. Electronic filing is mandatory. They will not accept paper filings for plan years beginning after January 1, 2009.
As a consultant to community banks, I was excited when Glass-Steagall was repealed in 1999. I saw it as an opportunity for community banks to offer additional services to their current customers and to find additional revenue sources to build value for their owners. What I didn’t see was how the large banks would be able to leverage FDIC insured deposits to make risky investments in CDO’s and CMO’s that would ultimately lead to the financial meltdown nine years later.
