3 min read
Wei Wei & Co: Oct 25, 2023 3:00:00 PM
The IRS on June 9, 2023, released generic legal advice memorandum AM 2023-004,[1] which addresses whether developing paid name, image and likeness (NIL) opportunities for collegiate student-athletes furthers an exempt purpose under Internal Revenue...
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Wei Wei & Co: Oct 20, 2023 11:00:00 AM
With an increasing focus on environmental, social and governance (ESG) issues, some organizations are seeking ways to fund various ESG initiatives....
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Wei Wei & Co: Oct 17, 2023 4:00:00 PM
In a recent private letter ruling (PLR 202337007), the IRS ruled that a taxpayer’s proposed transaction that would convert a limited liability...
6 min read
Wei Wei & Co: Oct 12, 2023 10:00:00 AM
The Treasury Department and the IRS on October 5 issued proposed regulations providing guidance under Internal Revenue Code Section 367(b) related to...
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Wei Wei & Co: Sep 7, 2023 10:30:00 AM
Subrecipient risk assessments and monitoring are critical aspects of federal grants management. These practices ensure that funds are used in...
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Wei Wei & Co: Aug 30, 2023 4:00:00 PM
Data quality is a critical factor for organizations of all sizes, and nonprofits are no exception. Poor data quality can lead to inaccurate business...
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Wei Wei & Co: Aug 22, 2023 12:30:00 PM
By Dan Durst, MBA, and Gina McDonald, CPA
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Wei Wei & Co: Aug 17, 2023 3:00:00 PM
Modern Enterprise Resource Planning (ERP) systems empower organizations of all sizes, structures and industries when it comes to financial and...
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Wei Wei & Co: Aug 9, 2023 9:00:00 AM
Governments are required to adopt the provisions of the Governmental Accounting Standards Board Statement (GASBS) No. 96, Subscription-Based...
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Wei Wei & Co: Jul 31, 2023 11:00:00 AM
In 2022, Congress passed the Inflation Reduction Act (IRA), a broad piece of legislation featuring provisions to advance clean energy production and...