Business Tools

How to Pay Your Nonprofit’s Staff

Last week we looked at some key points regarding nonprofit executive compensation . This week, we want to take a closer look at best practices for paying everyone else your organization employs. Payroll for nonprofits is a complex issue already. Certain rules and exceptions apply that are different than what applies to for-profit payrolls. As if that complication isn’t bad enough, many nonprofits seem bound and determined to create their own rules and exceptions that are categorically incorrect…and destined to get them in hot water with the IRS and/or their state. Fortunately, the principles we discussed last week apply to ordinary employees, as well as executives: compensation must be reasonable, due diligence must be performed, and all decisions should be made at arms-length. If you have...

Why Entrepreneurs Are Flocking to South Florida to Start Companies

It wasn’t long after Brad Saft, a lifelong New Yorker, launched his education-focused startup in the Northeast that he found his attention drifting south. After several trips to South Florida, he became enamored with the sunshine, lifestyle, and the comparatively lower cost of living. He soon moved his business, EverBright Media, to West Palm Beach. Saft found more than pristine beaches and year-round warm temperatures in the region. EverBright Media, No. 135 on the Inc. 5000 list of the fastest-growing private companies, benefited from the region’s strong infrastructure–including incubators and university entrepreneurship programs–for startups. Saft is not the only entrepreneur who’s bypassed hubs like Silicon Valley and New York City in favor of South Florid...

Mom and Pop Small Business Grant Program

Mom and Pop Grants are administered in collaboration with your Miami-Dade County Commissioner’s Office. For an application please contact Neighbors and Neighbors Association at 305-756-0605 or your respective commissioner’s office. Some commissioners provide additional information about the program on their websites. The Mom and Pop Small Business Grant Program was created to provide financial and technical assistance to qualified for-profit small businesses that are approved for funding. This program has allowed small owned and operated businesses the opportunity to interact with local government under favorable conditions, and this relationship will […] Click here to view original web page at www.miamidade.gov

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