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SalmonBeach Becomes Salmon Sims Thomas
As
of June 1st, SalmonBeach will change its name to Salmon Sims
Thomas, as Bill Sims and Rick Thomas are added to the firm's name. Bill
Sims is a Partner, Vice President and Director at Salmon Sims Thomas
and heads up the firm's nonprofit division. Rick Thomas, also a
Partner, manages the firm's audit department as well as the career
school team. Both Bill and Rick have provided valuable leadership and
professional skills to the firm for years, and the change furthers our
commitment to providing quality and innovative service to nonprofit and
career school clients, as well as all the industries we serve.
Our address and phone numbers will not change. Please make note of our new Web site name.
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Is A Reverse Mortgage Right For You?
By Julie Fry
As
the population ages and baby boomers begin to retire, they may not be
completely prepared to cover their cash outflows in their retirement
years. One solution to this problem may be a reverse
mortgage. For those who are "house rich but cash poor," a reverse
mortgage may be the answer.
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An Audit Committee Can Be Your Greatest Asset
You
may already have a finance committee in place; however, it is important
to understand that an audit committee performs a different role. The
finance committee reviews investment policies and monitors the funds of
the organization, and the audit committee provides independent
oversight into the organization's accounting and financial reporting
and oversees the organization's annual internal and external audits. Do
you know if you need and audit committee and why?
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Donor Restrictions or Donor Preferences: How to tell the difference
by Dan Busby, ECFA Vice President
In
charitable giving, there is a distinction between a donor's restriction
and a donor;s preference. This distinction can make a difference
between the donor's eligibility for a charitable tax deduction and no
tax deduction.
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I hope the Industry Focus adds value to your business. We welcome your suggestions or feedback!
To your continued success,
Bill Sims
Salmon Sims Thomas | |
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