Our 2013 Not-For-Profit Symposium attracted record crowds in Winchester, as over 50 nonprofit professionals joined us for our annual symposium. The following day, on June 6th, we traveled to Richmond to present to over 20 Richmond-area nonprofit professionals.
The symposiums began with technology. YHB Partner Curtis Thompson and Manager Bryan Newlin discussed some of the most common IT threats facing non-profit organizations and small and medium sized businesses. Using data from Verizon’s 2013 Data Breach Investigations Report and examples of actual recent attacks and data losses, they demonstrated just how frequently these attacks occur, and that organizations large or small—no one is invulnerable. Attendees learned about how these attacks can occur, and some of the most cost-effective ways to mitigate these threats.
Next, attendees heard from YHB Manager Chris Frye about one of the biggest topics today: Healthcare Reform.
His presentation discussed how employers and employees in all industries will feel the effects in some way, shape, or form of healthcare reform. He stressed how important it is that small businesses educate themselves with the information that will be necessary to proactively plan for and respond to the sweeping reforms that will be put in place. While some provisions have already been implemented, many of the largest changes will begin to take effect in the not so distant future. Beginning in 2014, employers with over 50 full-time-equivalent employees must offer insurance coverage or face significant potential penalties. The state and Federal government run insurance exchanges begin open enrollment in October 2013, and will offer additional options for small businesses to provide coverage to their employees. Chris encouraged attendees to start planning now to assess how the new laws and regulations will impact their organization.
Our final presentation came from Cathleen Welsh, Esq., and Jennifer Shirkey, Esq., from Lenhart Obenshain, P.C. Attendees learned about employee benefit and employment law traps and compliance issues. Topics included: 403(b) plans, accidental cafeteria plans, COBRA, HIPAA and ACA issues, along with a discussion of employment law topics such as unemployment and workers’ compensation benefits, discrimination, medical leaves of absence and upcoming regulatory changes.
Check out our photos below from the Winchester session of the 2013 Not-For-Profit Symposium: