April 12, 2022 Deciding Between Cash and Accrual Accounting Methods Do you know the differences between cash and accrual accounting methods? Some small business owners are unaware of the options … Read More
March 30, 2022 Classify Your Nonprofit’s Workers / Contractors Correctly — Or Risk Repercussions Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the … Read More
March 30, 2022 Tax Deadline: If You’re Not Ready, File An Extension The clock is ticking down to the April 18 tax deadline. Sometimes, it’s not possible to gather your tax information … Read More
March 26, 2022 Timing Counts: Reporting Subsequent Events Major events or transactions — such as a natural disaster, a cyberattack, a regulatory change or the loss of a … Read More
March 26, 2022 Is Your Nonprofit on Track? Ask Your Clients Regularly asking clients for feedback about your not-for-profit and its services is essential to maintaining healthy relationships. But the practice … Read More
March 26, 2022 The Tax Rules of Renting Out a Vacation Home Property Summer is just around the corner. If you’re fortunate enough to own a vacation home, you may wonder about the … Read More
March 26, 2022 Eyes On Related Parties Business transactions with related parties — such as friends, relatives, parent companies, subsidiaries and affiliated entities — may sometimes happen … Read More
March 25, 2022 Conflict-of-Interest Policies: It’s About Trust According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a … Read More
March 25, 2022 When Inheriting Money, Be Aware of IRD Issues Once a relatively obscure concept, “income in respect of a decedent” (IRD) may create a surprising tax bill for those … Read More
March 25, 2022 Going Private Recently, the news media has given a lot of attention to initial public offerings using special purpose acquisition companies (SPACs). … Read More
March 24, 2022 Nonprofits: Seize The Day With Real-Time Strategic Planning Traditional strategic planning requires not-for-profit leaders to perform a lot of guess work about what might happen in the future. … Read More
March 21, 2022 No Audit Required? Do It Anyway Most nonprofits aren’t required to undergo audits. But you may want to engage an auditor anyway. Here’s how to make … Read More
