CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Monday, August 28, 2006

Orange County Boot Camp

The event location has just been confirmed. Thanks to the nice folks at Citigroup who have funded this particular event for us for two years now!

Friday, August 04, 2006

Question for all you readers out there

From an email that was forwarded to me:

We are paying for a former employee's COBRA coverage. Normally, the carrier would bill us, and a third party associated with the carrier would bill the former employee and that third party would reimburse us.

All that is occuring in this case, but in addition, we are reimbursing the employee for the amount the third party is billing. This employee is also receiving severance checks through our payroll.

Would the COBRA reimbursements be subject to payroll taxes, workers comp, etc.? Currently, we are paying the COBRA out of A/P as a separate check from the severance payroll.
Any ideas?