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Although the majority of employees are honest, a trusted employee will steal when three elements exist: pressure, opportunity and rationalization.

The Department of Labor (DOL) published its final rule concerning the minimum salary level necessary in most cases for an employer to qualify as exempt from overtime pay under the Fair Labor Standards Act (FLSA). In the absence of an exemption, the FLSA provides that an employee is entitled to receive pay at the rate of time and one-half for all hours worked over 40 in a week.

Back in December, Congress passed, and the President signed into law, tax legislation as outlined below. Many provisions of this law directly impact Not-For-Profit entities and other provisions may have an indirect impact. The following summary of those provisions should be considered when planning for tax reporting for 2016.

U.S. venture capital (VC) investment was $12.1 billion in Q1 2016, up 1% over Q4 2015, but down 11% when compared to Q1 2015. On a national level, the slowdown in venture activity that began in the second half of 2015 (2015 Venture Capital Investment: Year in Review) appears to be continuing. Venture activity peaked in Q2 2015 and has steadily decreased since then.
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