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What is FFATA? FFATA was passed in 2007. It includes a mandate that entities receiving federal funds that issue subawards of $30,000 or more are required to log information about those subawards and subrecipients with the federal government. Subawards that meet this criterion must be reported in the system promptly. FFATA was established to meet…
Even in well-run multiemployer plans (“Plans”), oversight gaps can quietly grow over time. In many cases, these gaps are not the result of negligent or disengaged Boards. Rather, they emerge when too much reliance is placed on existing systems, familiarity and routine reduce visibility into how processes actually operate, or technical complexity discourages questions and…
We bring the conversation to you, sharing relatable stories that motivate and build consensus in the nonprofit community. Experience what it takes to make an impact and become a true Civic Warrior.
Founders often face a difficult balancing act: providing investors with downside protection while maintaining flexibility for future growth. Traditional redemption rights can protect investors, but they may also create cash flow burdens and unintended tax consequences. Series FF stock offers an alternative approach that can help align founder and investor interests while preserving important tax…
Every so often, a state incentive comes along that is worth rearranging a capital plan, and Illinois may have one in its Advancing Innovative Manufacturing (AIM) Tax Credit. AIM offers Illinois income tax credits of up to 7% of qualified capital improvement investment to manufacturers and research-driven businesses that build, modernize, or relocate operations in…
For years, businesses and tax advisors have searched for a clear answer to a deceptively simple question: When is a limited partner truly a “limited partner” for self-employment tax purposes? Earlier this year, the Fifth Circuit appeared to provide that answer, tying the analysis largely to a partner’s legal status and liability protection. Many taxpayers…
