What can a business owner do to make sure their employees are up to the task at hand?
Effective management of employees is a balancing act between overseeing every aspect of a job and relinquishing some of the control based on the employees’ capabilities. So, what can you do?
- Make sure the employee has the skills to take on the task. Success can only come when your employee has the ability to do the job.
How does an organization determine if federal funding is received under a subrecipient vs. contractor (vendor) relationship?
As the controller at a non-profit organization that receives federal grants, have you ever been asked the following question by your auditors, “are you a subrecipient or contractor (vendor) for this contract?” The accurate classification of subrecipients and contractors is critical to a program’s success and integrity. OMB requires subrecipients that meet established expenditure thresholds to obtain a Single Audit,