Jim Quaid, CPA

Jim Quaid, CPA

Author's details

Name: Jim Quaid, CPA
Date registered: January 31, 2011

Contact Information

Phone: 312-670-7444
Fax: 312-670-8301

Email: jquaid@orba.com
Website: http://www.orba.com/
Facebook: http://www.facebook.com/home.php#!/pages/ORBA-Ostrow-Reisin-Berk-Abrams-Ltd/166547440023634?sk=wall
LinkedIN: http://www.linkedin.com/in/jimquaid

Biography

Jim has over 20 years of experience providing auditing, accounting and tax services to not-for-profit organizations, including charter schools, social service agencies, foundations and associations. He also audits and provides consulting for related employee benefit plans. Jim’s experience enables him to advise clients about new funding streams, the best course when looking to provide a new service or program, and effective ways to undertake strategic or operational changes. Throughout his career, Jim has helped clients address the needs of the various stakeholders involved in an organization’s work, including its board, staff, donors, recipients, governmental or oversight agencies and the public at large. Jim is also a frequent speaker on subjects pertinent to not-for-profit organizations and is actively involved with various committees and associations dedicated to the not-for-profit industry.

Latest posts

  1. The Role of the Audit Committee — January 14, 2013
  2. Why Preparing for Your Annual Not-For-Profit Audit is Like Planning a BBQ — May 9, 2012
  3. Cover-ups and Whistleblowers. Oh, My! — April 1, 2011
  4. The Health Care Tax Credit is Nothing to Sneeze At — February 6, 2011

Most commented posts

  1. The Health Care Tax Credit is Nothing to Sneeze At — 2 comments

Author's posts listings

Jan
14

The Role of the Audit Committee

by Jim Quaid, CPA

Since the Sarbanes-Oxley Act was passed in 2002 and the Form 990 was redesigned in 2008, there has been an increased focus on the importance of corporate governance within not-for-profit organizations. A not-for-profit’s board of directors is charged with oversight of the organization’s governance and fiscal accountability. A strong audit committee can assist the board in their oversight of these areas.

May
09

Why Preparing for Your Annual Not-For-Profit Audit is Like Planning a BBQ

by Jim Quaid, CPA

With the Cubs and White Sox playing ball, kids looking forward to summer break and the weather warming up outside, we know that BBQ season has arrived. Summer is also the time when most not-for-profit organizations begin planning for their annual audits. In the spirit of summer, this blog is devoted to two of my favorite topics and the similarities that they share.

Apr
01

Cover-ups and Whistleblowers. Oh, My!

by Jim Quaid, CPA

The Sarbanes-Oxley Act of 2002 was enacted on July 30, 2002, less than one year after the first announcement of problems at Enron.

The Act applies to “Issuers”, namely publicly-traded companies, as defined in the SEC Act of 1934. However, the Act includes two provisions that are applicable to all corporate entities, including not-for-profit organizations: document retention and destruction and whistleblower protection.

Feb
06

The Health Care Tax Credit is Nothing to Sneeze At

by Jim Quaid, CPA

Has your not-for profit organization taken advantage of the new health care tax credit? If not, you may be missing out on an opportunity to keep your organizations employees and your bottom line healthy.

Under the Affordable Care Act that was enacted on March 23, 2010, a new small business health care tax credit is now available to both small businesses as well as small tax-exempt organizations and is targeted to those employing low and moderate-income workers. The credit is designed to encourage small employers to offer health insurance coverage for the first time or to maintain coverage that they already provide.