In order to ensure compliance with legal requirements, and to avoid exposure to legal liability, it is important that the board and senior management of charities and Not-for-Profit Organizations (NPOs) undertake regular legal check-ups to ensure proper due diligence. According to Carters Professional Corporation, the following 10 tips identify key issues that charities and NPOs should address for effective legal risk management.
Continue ReadingEveryone in construction has heard of the changes that the Workplace Safety & Insurance Board (WSIB) has proposed to make to their rate framework. Although we did see decreases in some construction WSIB rate groups during 2017, there is still much confusion and uncertainty over what the future holds for WSIB premiums.
Continue ReadingBeing transparent is important, regardless if you’re a for-profit or not-for-profit organization (NPO). Communicating your goals to your key stakeholders is essential to the organization’s success. Here are 4 tips summarized from Charity Village that will help you measure and improve communication to your stakeholders.
Continue ReadingNews of an audit can be stressful to any organization, even to those who are diligent in complying with the Income Tax Act. While some audits are the result of targeted reviews of particular activities, some are simply due to random selection. In any case, if your charity has received a letter for an audit, below are some steps to take to give you the best chance towards a positive outcome:
Continue ReadingIf recent media attention, a job offer, travel plans to the U.S., or a new investment opportunity has you concerned about your U.S. personal tax filing requirements, you are not alone. Our U.S. tax team frequently gets asked this question.
Continue ReadingMany charities and not-for-profit organizations (NPO) face the choice of which legal structure to use, whether they are constituted as a trust, an unincorporated association, or a corporation. When hearing the word “corporation”, many people think of for-profit businesses, but did you know that corporations can also be in the form of non-share capital corporations (NSCC), which are used for not-for-profit organizations and registered charities?
Continue ReadingOn December 22, 2017, President Trump signed into law H.R. 1 (originally known as the “Tax Cuts and Jobs Act”). Included are some of the most extensive changes to the US tax reform in years, discussed below.
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