December 28, 2018 Financial Best Practices for Religious Congregations Because religious congregations are subject to less IRS scrutiny than even their fellow nonprofits, it’s especially critical that these organizations … Read More
December 26, 2018 Accounting for Overhead Costs Don’t let your accounting department get overwhelmed by indirect “overhead” costs. Here’s how to get control over your overhead allocations. Read More
December 21, 2018 Nonprofit Surveys: Dos and Don’ts for the 5 D’s When planning member surveys, your nonprofit should focus on the “5 D’s” to help ensure the success of your efforts. Read More
December 21, 2018 IRS Proposed Regs on Business Interest Expense Deductions Recently released proposed IRS regulations on business interest expense deductions provide some clarity for affected businesses. Read More
December 20, 2018 Check Deductibility Before Making Year-End Charitable Gifts Not as many people will benefit from the charitable deduction on their 2018 income tax returns. Find out why donations … Read More
December 14, 2018 Cybersecurity Matters Cyberattacks can diminish a company’s revenue, deplete its assets, and, in extreme cases, impair value over the long run. With … Read More
December 10, 2018 3 Ways to Improve Development & Accounting Collaboration Do your development and accounting departments work as independent silos? This can be dangerous to your nonprofit’s fiscal health. We … Read More
December 6, 2018 A Look at the 4 Steps to Auditing Accounts Payable Auditing accounts payable is as easy as 1, 2, 3, 4. To facilitate fieldwork next audit season, let’s discuss the … Read More
December 4, 2018 Don’t Let The “Commerciality Doctrine” Trip Up Your Nonprofit Courts have ruled that some nonprofits’ otherwise exempt activities are substantially the same as those of commercial entities and revoked … Read More
November 30, 2018 Why Revenue Matters in an Audit: A Spotlight Though balance sheet accounts are the customary focus of auditors, revenue is a key income statement account. And it may … Read More
November 27, 2018 Delegation Best Practices for Nonprofit Leaders Nonprofit executives simply can’t do it all. If your organization is busy and growing, it’s critical you learn when to … Read More
November 20, 2018 A Fresh Look at Percentage of Completion Accounting The accounting rules for reporting income from long-term contracts for book and tax purposes can be confusing. However, starting in … Read More
