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How does your nonprofit organization’s cybersecurity compare to others in New England?

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An uncertain economy can throw your business in flux. Use these measuresto help your business effectively manage risk.

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Leadership transition can open your company to cybersecurity risks. Usethese strategies to avoid pitfalls during transition.

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In this article, we'll shed light on why R&D is a smartinvestment during a recession and how companies can navigate the R&Dlandscape to come out on top.

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With 2023 officially in full swing, we thought it would be helpful to look back at 2022’s trends, such as taxes, tax advantages and inflation.
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Tax regs. are complicated with not-for-profit orgs taking advantage of the remote worker pool. Here are the top considerations.

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Historical and institutional knowledge is a crucial part of succession planning for not-for-profits. Use these steps to implement a smooth and successful transition. 

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Baby boomers contribute 43% of all charitable donations in the U.S., and as this demographic ages, attracting younger donors to your not-for-profit organization is crucial to its long-term success.

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In November of 2022, U.S.-based employers reported 76,835 layoffs — 129% above the 19,052 reported cuts announced in the same month of the prior year. Significant amounts of displaced employees coupled with a lowered economic output is a significant indicator of one big thing — a recession. The pressure this creates for organizations to weather whatever the economic downturn throws their way is tremendous, making the fact that only 29% of companies have a formal exit management plan in place alarming.

Implementing programs for your organization to cope and even thrive amid uncertain times is paramount in employee retention and strengthening rapport with your team. Career Transition Services (CTS) encompasses supportive infrastructure utilized to aid employees leaving the organization, with the goal of making this process as seamless and non-disruptive as possible. Deciding to downsize is never easy, but providing methods to assist those displaced employees has innumerable benefits.

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New rules from House Republicans that govern floor debate ontax bills, such as restricting measures that raise income tax rates orrequiring more specific cost estimates, reflect new GOP priorities intended toclamp down on spending hikes, tax increases and IRS audits.

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On Dec. 8, the IRS released final regulations affecting special enforcement matters that involve the centralized partnership audit rules, including clarifications about scenarios when those rules do not apply. 

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Unclaimed property refers to certain types of “intangible property” (such as uncashed checks, securities, refunds, customer overpayments, etc.) that a business owes to its employees, customers, vendors, creditors, or shareholders where there has been no activity/contact with the owner of the property for a specified period of time (“dormancy period”).