Financial Management

  • Financial Management | But W-4s will likely not change for at least another year.  This article was updated on January 16, 2018. Independent schools should prepare to adjust employee payroll withholding for taxes; ...

  • Financial Management | Independent schools might breathe a small sigh of relief in reviewing the final compromise version of the sweeping tax overhaul legislation released December 15 by the House and Senate conference ...

  • Financial Management | The GOP rush toward major tax legislation accelerated last night when Alabama GOP Senate candidate Roy Moore lost in an upset to Democrat Doug Jones, adding to pressure on the party to notch ...

  • Financial Management | Experts believe the final version of the federal tax bill that reconciles the House and Senate versions  will likely pass by year's end. Details are uncertain, but it is likely that tax-exempt ...

  • Financial Management | The final version of the GOP tax bill will likely contain at least some new legislation that could harm the financial health of independent schools. The Senate bill, passed early Saturday morning, ...

    1 person recommends this.
  • Financial Management | Third-party businesses support schools as payment hubs for vendors. While independent schools have been shifting to online payment systems for tuition and enrollment, they’ve been a bit slower ...

    1 person recommends this.
  • Scaling Back Overtime Pay On August 31, a federal judge in Texas struck down the Obama-era federal overtime rules that would have raised the minimum salary level for exempt employees under the Fair Labor Standards Act ...

  • Financial Management | More NBOA coverage of tax legislation School Groups Outline 5 Key Issues Involving Tax Overhaul Interest on Tax-Exempt Debt Could Increase in 2018 Tax Overhaul's Impact on Independent ...

    1 person recommends this.
  • Financial Management | Article by Jennifer Osland Hillen With pressure on to pass tax reform, the GOP-led House and the Senate have proposed legislation that could impact independent schools in several ways (see: ...

  • Editor's note: This article has been updated to reflect the release of the Senate plan and the response of NBOA and associated organizations to both GOP plans. Independent schools are taking a wary look at provisions ...

    2 people recommend this.