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Posts (787) January 19, 2024 Why Uncertainty Calls For A More Flexible Budget If your nonprofit’s budget is fixed or static, it may be inadequate during turbulent times. Here’s why you might want to consider a more flexible rolling budget, or even decide to reforecast your current budget. Read More February 22, 2024 Arm Your Nonprofit Against Financial Threats The U.S. economy is generally stable for now. Still, you may be anxious about how economic changes could affect your nonprofit in the near future. Take this period of relative calm to fortify your organization’s finances. Read More July 31, 2024 Public Policy Organization Report Reveals Increase in Restatements Financial restatements may raise a red flag to managers and other stakeholders. But don’t jump to premature conclusions. While some restatements may be serious, many are nothing to worry about. Read More August 13, 2024 Making Your Board Retreat Rejuvenating — and Productive Your nonprofit’s board retreat should enable members to escape distractions and brainstorm solutions in a relaxing environment. Here are some planning ideas for a productive retreat. Read More January 21, 2020 How Many Directors Does Your Nonprofit’s Board Need? State law typically specifies the minimum number of directors a not-for-profit must have on its board. But so long as organizations fulfill that requirement, it’s up to them to determine how many total board members they need. Several guidelines can help you arrive at the right number. Small vs. large Both small and large boards… Read More February 27, 2020 Understanding Sole Proprietorship vs LLCs Running your business is hard work. You plan, budget, and develop strategies to ensure that you will achieve long-term success. But, have you considered what impact the way your business is filed with the state will have on your taxes? Sometimes these answers are unclear, but they aren’t always a priority in your day to… Read More August 11, 2020 Reporting CAMs In The COVID-19 era Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million or more) in fiscal years ending on or after June 30, 2019. It goes into effect for smaller public companies in fiscal… Read More August 11, 2020 The tax Implications of Employer-Provided Life Insurance Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may create undesirable income tax consequences for you. “Phantom income” The first $50,000 of group term life insurance coverage that your employer provides is excluded from taxable income and doesn’t add anything… Read More December 2, 2021 Preparing Your Nonprofit For An Enviable Challenge Contending with a large outpouring of support sounds like a problem any not-for-profit would embrace. But, in fact, it’s possible to become overwhelmed by supporter interest and donations — particularly if your organization is small or relatively new. Expanded tax deductions for charitable gifts made in 2021 may boost giving this holiday season. Make sure… Read More March 17, 2022 4 Levels of Audit Opinions It’s audit season for calendar-year entities. Will your auditor issue a clean opinion? Here’s what happens when auditors have reservations about the reliability of a company’s financial statements and its ability to continue as a going concern. Read More July 27, 2022 Businesses: Act Now To Make The Most Out Of Bonus Depreciation If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break. Read More November 8, 2022 5 Steps To Take Now To Cut Your 2022 Tax Liability Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps. Read More Load more Page 56 of 82« First«...102030...5455565758...7080...»Last »
January 19, 2024 Why Uncertainty Calls For A More Flexible Budget If your nonprofit’s budget is fixed or static, it may be inadequate during turbulent times. Here’s why you might want to consider a more flexible rolling budget, or even decide to reforecast your current budget. Read More
February 22, 2024 Arm Your Nonprofit Against Financial Threats The U.S. economy is generally stable for now. Still, you may be anxious about how economic changes could affect your nonprofit in the near future. Take this period of relative calm to fortify your organization’s finances. Read More
July 31, 2024 Public Policy Organization Report Reveals Increase in Restatements Financial restatements may raise a red flag to managers and other stakeholders. But don’t jump to premature conclusions. While some restatements may be serious, many are nothing to worry about. Read More
August 13, 2024 Making Your Board Retreat Rejuvenating — and Productive Your nonprofit’s board retreat should enable members to escape distractions and brainstorm solutions in a relaxing environment. Here are some planning ideas for a productive retreat. Read More
January 21, 2020 How Many Directors Does Your Nonprofit’s Board Need? State law typically specifies the minimum number of directors a not-for-profit must have on its board. But so long as organizations fulfill that requirement, it’s up to them to determine how many total board members they need. Several guidelines can help you arrive at the right number. Small vs. large Both small and large boards… Read More
February 27, 2020 Understanding Sole Proprietorship vs LLCs Running your business is hard work. You plan, budget, and develop strategies to ensure that you will achieve long-term success. But, have you considered what impact the way your business is filed with the state will have on your taxes? Sometimes these answers are unclear, but they aren’t always a priority in your day to… Read More
August 11, 2020 Reporting CAMs In The COVID-19 era Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement was in effect for audits of large accelerated filers (with market values of $700 million or more) in fiscal years ending on or after June 30, 2019. It goes into effect for smaller public companies in fiscal… Read More
August 11, 2020 The tax Implications of Employer-Provided Life Insurance Does your employer provide you with group term life insurance? If so, and if the coverage is higher than $50,000, this employee benefit may create undesirable income tax consequences for you. “Phantom income” The first $50,000 of group term life insurance coverage that your employer provides is excluded from taxable income and doesn’t add anything… Read More
December 2, 2021 Preparing Your Nonprofit For An Enviable Challenge Contending with a large outpouring of support sounds like a problem any not-for-profit would embrace. But, in fact, it’s possible to become overwhelmed by supporter interest and donations — particularly if your organization is small or relatively new. Expanded tax deductions for charitable gifts made in 2021 may boost giving this holiday season. Make sure… Read More
March 17, 2022 4 Levels of Audit Opinions It’s audit season for calendar-year entities. Will your auditor issue a clean opinion? Here’s what happens when auditors have reservations about the reliability of a company’s financial statements and its ability to continue as a going concern. Read More
July 27, 2022 Businesses: Act Now To Make The Most Out Of Bonus Depreciation If your business plans to purchase bonus depreciation qualifying property, take action soon to realize a valuable tax break. Read More
November 8, 2022 5 Steps To Take Now To Cut Your 2022 Tax Liability Are you interested in reducing your 2022 tax liability? There’s still time to take these year-end tax planning steps. Read More