Finance
Double Check That Sales Tax
Wed, Oct 10, 2018
by Drew McManus
While most nonprofit organizations are also tax-exempt, that doesn’t mean all your current vendors have the necessary documentation to make sure you don’t inadvertently get charged sales tax. One big change in how all this works is the June 21, 2018 U.S. Supreme Court decision in South Dakota v. Wayfair that now requires most remote sellers (think
Understanding The Importance Of Legacy Costs
Fri, Mar 3, 2018
by Drew McManus
Anyone working in the labor side of things inside the orchestra and opera fields knows how much impact legacy costs have on an institution’s expense structure. Larger budgets typically mean larger legacy costs, especially pension obligations. And while that’s not going to be changing anytime soon, legacy costs in other departments have been creeping up
AFM Musicians Charge Pension Mismanagement In Class Action Lawsuit
Mon, Aug 8, 2017
by Drew McManus
One major development we missed last week amid the orchestra compensation reports was the class-action lawsuit filed against a host of defendants associated with the American Federation of Musicians & Employers’ Pension Fund (AMF-EPF). Filed in the U.S. District Court in Manhattan, the suit brings action against the defendants for “for breach of fiduciary duties and
AFM-EPF News Continues To Look Grim
Mon, Jul 7, 2017
by Drew McManus
At the beginning of July, 2017 the American Federation of Musicians & Employers’ Pension Fund (AFM-EPF) distributed a notice informing members the Plan continues to be in critical status and “it remains likely that the Plan will become critical and declining at some point in the future, perhaps as early as…April 1, 2018.” For the
Granny’s On The Grift? Tell Me It Isn’t So.