{"id":126710,"date":"2024-06-24t11:55:50","date_gmt":"2024-06-24t15:55:50","guid":{"rendered":"\/\/www.g005e.com\/?p=126710"},"modified":"2025-01-09t00:10:45","modified_gmt":"2025-01-09t05:10:45","slug":"when-board-service-gets-tricky","status":"publish","type":"post","link":"\/\/www.g005e.com\/2024\/06\/24\/when-board-service-gets-tricky\/","title":{"rendered":"when board service gets tricky"},"content":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-38421\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg\" alt=\"businesspeople having a meeting over coffee sitting together at a table discussing a document, young man and two middle-aged women present\" width=\"1600\" height=\"1078\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 1600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-290x195.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-590x397.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-190x128.jpg 190w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/strong><\/p>\n<p><strong>keep the totality of the relationships in mind.<\/strong><\/p>\n<p><i>by ed mendlowitz<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/shop\/101qa\/\"><i>202 questions and answers: managing an accounting practice<\/i><\/a><\/p>\n<p><strong>question:<\/strong> i am on the board of directors and am treasurer of a not-for-profit organization. one of the board members is an officer of a commercial bank where we have our accounts.<\/p>\n<h4 style=\"padding-left: 40px;\"><b>more: <\/b><a href=\"\/\/www.g005e.com\/2024\/06\/17\/yes-you-have-to-share-work-papers\/\">yes, you have to share work papers<\/a> | <a href=\"\/\/www.g005e.com\/2024\/06\/03\/hiring-experience-vs-training-inexperience\/\">hiring experience vs. training inexperience<\/a> | <a href=\"\/\/www.g005e.com\/2024\/04\/29\/a-friendly-chat-or-a-billable-discussion\/\">a friendly chat or a billable discussion?<\/a> | <a href=\"\/\/www.g005e.com\/2024\/04\/08\/when-selling-a-firm-to-staffers-is-tricky\/\">when selling a firm to staffers is tricky<\/a> | <a href=\"\/\/www.g005e.com\/2024\/03\/04\/courting-a-client-dont-give-too-much-away-for-free\/\">courting a client? don\u2019t give too much away for free<\/a> | <a href=\"\/\/www.g005e.com\/2024\/02\/12\/nine-tips-for-a-healthier-tax-season\/\">nine tips for a healthier tax season<\/a> | <a href=\"\/\/www.g005e.com\/2024\/01\/22\/fifteen-strategies-for-first-time-supervisors\/\">fifteen strategies for first-time supervisors<\/a> | <a href=\"\/\/www.g005e.com\/2024\/01\/01\/measure-knowledge-gaps-then-close-them\/\">measure knowledge gaps (then close them)<\/a> | <a href=\"\/\/www.g005e.com\/2023\/11\/20\/should-you-offer-financial-services\/\">should you offer financial services?<\/a> | <a href=\"\/\/www.g005e.com\/2023\/10\/30\/ready-to-retire-selling-your-practice-is-no-strategy\/\">ready to retire? selling your practice is no strategy<\/a> | <a href=\"\/\/www.g005e.com\/2023\/10\/09\/20-things-you-need-for-a-business-valuation\/\">20 things you need for a business valuation<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2024\/06\/24\/when-board-service-gets-tricky\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>the organization wants to get a one-year cd with some excess funds they have. it turns out that the interest rate is less than half of what we could get from a local savings bank. i suggested that we open the cd in the savings bank and the bank officer got very agitated and threatened to cut off the bank\u2019s support of the organization if we did not keep the funds in his bank.<br \/>\n <a href=\"\/\/www.g005e.com\/2024\/06\/24\/when-board-service-gets-tricky\/#more-126710\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p><strong><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-38421\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg\" alt=\"businesspeople having a meeting over coffee sitting together at a table discussing a document, young man and two middle-aged women present\" width=\"1600\" height=\"1078\" srcset=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 1600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 300w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889.jpg 600w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-290x195.jpg 290w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-590x397.jpg 590w, https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2014\/12\/threepeoplemeeting_dollarphotoclub_57019889-190x128.jpg 190w\" sizes=\"auto, (max-width: 1600px) 100vw, 1600px\" \/><\/strong><\/p>\n<p><strong>keep the totality of the relationships in mind.<\/strong><\/p>\n<p><i>by ed mendlowitz<\/i><br \/>\n<a href=\"\/\/www.g005e.com\/shop\/101qa\/\"><i>202 questions and answers: managing an accounting practice<\/i><\/a><\/p>\n<p><strong>question:<\/strong> i am on the board of directors and am treasurer of a not-for-profit organization. one of the board members is an officer of a commercial bank where we have our accounts.<\/p>\n<h4 style=\"padding-left: 40px;\"><b>more: <\/b><a href=\"\/\/www.g005e.com\/2024\/06\/17\/yes-you-have-to-share-work-papers\/\">yes, you have to share work papers<\/a> | <a href=\"\/\/www.g005e.com\/2024\/06\/03\/hiring-experience-vs-training-inexperience\/\">hiring experience vs. training inexperience<\/a> | <a href=\"\/\/www.g005e.com\/2024\/04\/29\/a-friendly-chat-or-a-billable-discussion\/\">a friendly chat or a billable discussion?<\/a> | <a href=\"\/\/www.g005e.com\/2024\/04\/08\/when-selling-a-firm-to-staffers-is-tricky\/\">when selling a firm to staffers is tricky<\/a> | <a href=\"\/\/www.g005e.com\/2024\/03\/04\/courting-a-client-dont-give-too-much-away-for-free\/\">courting a client? don\u2019t give too much away for free<\/a> | <a href=\"\/\/www.g005e.com\/2024\/02\/12\/nine-tips-for-a-healthier-tax-season\/\">nine tips for a healthier tax season<\/a> | <a href=\"\/\/www.g005e.com\/2024\/01\/22\/fifteen-strategies-for-first-time-supervisors\/\">fifteen strategies for first-time supervisors<\/a> | <a href=\"\/\/www.g005e.com\/2024\/01\/01\/measure-knowledge-gaps-then-close-them\/\">measure knowledge gaps (then close them)<\/a> | <a href=\"\/\/www.g005e.com\/2023\/11\/20\/should-you-offer-financial-services\/\">should you offer financial services?<\/a> | <a href=\"\/\/www.g005e.com\/2023\/10\/30\/ready-to-retire-selling-your-practice-is-no-strategy\/\">ready to retire? selling your practice is no strategy<\/a> | <a href=\"\/\/www.g005e.com\/2023\/10\/09\/20-things-you-need-for-a-business-valuation\/\">20 things you need for a business valuation<\/a><br \/>\n<strong><img loading=\"lazy\" decoding=\"async\" class=\"alignleft wp-image-49700 size-full\" src=\"https:\/\/cpatwpe.s3.amazonaws.com\/cpatrendlines\/wp-content\/uploads\/2016\/08\/yellow_key_clip_art-e1375897299811-36p-hi-1-e1603911598474.jpg\" alt=\"goprocpa.com\" width=\"39\" height=\"16\" \/><span style=\"color: #b79c00;\">exclusively for pro members. <\/span><\/strong><span style=\"color: #b79c00;\"><a style=\"color: #b79c00;\" href=\"\/\/www.g005e.com\/wp-login.php?redirect_to=\/\/www.g005e.com\/2024\/06\/24\/when-board-service-gets-tricky\/\">log in here<\/a> or <a class=\"external\" style=\"color: #b79c00;\" href=\"http:\/\/goprocpa.com\/\" target=\"_blank\" rel=\"noopener\">2022世界杯足球排名 today<\/a>.<\/span><\/h4>\n<p>&nbsp;<\/p>\n<p>the organization wants to get a one-year cd with some excess funds they have. it turns out that the interest rate is less than half of what we could get from a local savings bank. i suggested that we open the cd in the savings bank and the bank officer got very agitated and threatened to cut off the bank\u2019s support of the organization if we did not keep the funds in his bank.<br \/>\n <a href=\"\/\/www.g005e.com\/2024\/06\/24\/when-board-service-gets-tricky\/#more-126710\" class=\"more-link\">read more &rarr;<\/a><\/p>\n","protected":false},"author":1341,"featured_media":38421,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"129943,136315,130550,128028,137944,136944","_relevanssi_noindex_reason":"","footnotes":""},"categories":[1905,3120,3002],"tags":[],"class_list":["post-126710","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-clients-and-service","category-pro-member-exclusive","category-special","membership-content","access-restricted"],"acf":[],"yoast_head":"<!-- this site is optimized with the yoast seo 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