Over the past several years, HBE LLP has hosted complimentary roundtable sessions for nonprofit leaders in finance and accounting roles. Based on the success of those events, and our commitment to provide meaningful value to nonprofit organizations, we are excited to announce that we are expanding our sessions to incorporate topics that extend beyond accounting and finance. In addition, our sessions will be led by guest speakers with specialized knowledge of the nonprofit industry. These speakers are individuals that we have come to know and trust, and we are anxious to share their expertise with you!
Session 3: Creating a Talent Management Strategy for Your Organization
With special guest speaker, Jeremy Wortman, owner of HRD Initiatives
Most organizations have a clear understanding and plan for their operational strategy. However, when asked if they have a clear strategy regarding their human capital more than 80% say they have “no plan” or “very little of a plan” (e.g., they may have a staffing plan or do some sort of succession planning). Yet, when asked how important their people are to the ongoing, long-term success of their business the overwhelming response is, “critically important.” Thus, there is a large disconnect between the practice of talent management and its idealized state. Accordingly, this session helps leaders understand the robust nature of talent management and how they can begin thinking and creating a more strategic approach to the acquisition, engagement, development, and retention of their most valuable asset – their people.
During this session participants will explore a framework that they can use to immediately begin assessing their own organization in terms of talent management without over-engineering the process. Participants will be intellectually stimulated to think about the people-side of their business in a more comprehensive and deeper manner; thus, positioning themselves to identify areas of enhancement that drives their operational strategy.
Session 2: Legacy Giving Programs
Legacy giving, or planned giving, programs are often one of the largest areas of growth for nonprofit organizations. These programs can help diversify assets, while also supporting an organization’s long-term financial health. In this session, hear from special guest Andrew Loudon, estate planning attorney with Ball, Loudon, Ebert, & Brostrom, LLC, who covers the following topics:
- Best practices for building a legacy giving program within your organization
- Donor perspectives on legacy giving
- What legacy giving may look like for donors and nonprofits in the future
Session 1: Planning for Succession in the Midst of Uncertainty
Succession planning is a challenging topic to address, but it is critical for the success of your organization to have this discussion. The current COVID-19 pandemic has reminded us all that leadership changes will happen, whether we have made plans for them or not. Please join special guest trainer, Ingrid Kirst, to learn more about creating a solid plan to make those transitions smoother.
We are pleased to introduce HBE 10 Minute Tuesdays! At this semi-monthly complimentary webinar series, held for 10 minutes at 10:00 AM every-other Tuesday, HBE professionals and guest speakers will provide timely updates, information, and education on topics that are important for the growth and success of your business or nonprofit organization.
What’s Happening & What to be Aware of
Tuesday, September 29
Megan Hatch, CPCU, AIC, CWCA
Commerical Risk Consultant
What’s REALLY happening out there. Where are businesses most vulnerable and how can proper insurance coverage protect your business?
The Basics of Buy/Sell Agreements
With special guest speaker, Mike Pallesen, attorney with Cline Williams
Buy/sell agreements are essential legal contracts for any company that has more than one owner. In addition to ensuring the orderly transition of ownership for both expected and unexpected changes, a company’s buy/sell agreement can be a highly effective succession planning tool when it is prepared and utilized correctly.
Business Valuation: Methods, Uses, & Advantages
Mike R. Kottwitz, CPA, CVA
Manager, HBE LLP
A business valuation is the calculation of the fair market value of a business or business unit. Valuations are necessary for a variety of reasons: better understanding of company assets and resale value, establishing appropriate partner ownership, enhanced opportunity to negotiate during merger/acquisition, tax planning, and even divorce proceedings. In this session, Mike Kottwitz, CPA, CVA, will cover the following areas of business valuation:
- The top three methods used to calculate value
- The most common uses of valuations (including case studies/success stories)
- The key benefits of obtaining an accurate, and current valuation
Who Should Attend
- Operational leaders who would like to know more about how a business valuation is completed and how it can be used
- Business owners who are considering succession planning opportunities
- Professional advisors who work with clients on succession planning, strategic planning, and/or financing
Tax Loss Harvesting: A Proactive Approach for Volatile Markets
Christopher M. Bedient, CFA, CFP®
Partner, HBE Wealth Management LLC
Tax loss harvesting can be described as a strategy to sell an investment within a taxable account and realize a loss, allowing an offset again any realized gains or carried over into the future. This session will cover the following points:
- Differentiate taxable and tax-advantages investment accounts
- Illustrate stack market volatility in 2020
- Describe opporunities to reduce your tax liability during a down stock market
Tuesday, August 4, 2020
With guest speaker, Alan Smith of McGuire Sponsel
When acquiring, renovating, or building real estate, most taxpayers tend to overstate the amount of 39-year real property. This limits the depreciation deductions available to taxpayers in the early stages of their investment. A cost segregation solves this problem by reclassifying assets by maximizing the property eligible for treatment as 5-, 7-, or 15-year property. This depreciation optimization frees up substantial tax flow.
Paycheck Protection Program (PPP) Updates
July 21, 2020
The US Small Business Administration (SBA) Paycheck Protection Program (PPP) has provided financial relief to many businesses and organizations who have been negatively impacted by the ongoing COVID-19 pandemic. However, guidance on the program requirements has been been ever-evolving. At this session, HBE Partner, Jimmy Schulz, CPA, CVA, MT, will touch on the latest developments of the PPP, including what we know now about forgiveness requirements and eligibility.
Data Analytics: Unlocking Value and Unveiling Insights
July 7, 2020
Data analytics can help businesses and nonprofit organizations unlock the true value of their data by unveiling insights that can move them forward. Whether identifying sales/donor patterns or developing visual representations of financial performance, the goal of data analytics is to provide actionable information and guidance to improve productivity, gain efficiencies, and fine-tune a competitive advantage.
At this session, you will hear from Tony Storer, HBE Manager of Data Analytics and ERP Services. With over 25 years of experience in providing customized accounting/financial management system implementation and support services to clients across a variety of industries, Tony will share his insights on how companies can easily leverage their own data to build value and drive growth.