June 10, 2019 501c6 Associations: Preserve Tax-Exempt Status If your 501(c)(6) association doesn’t know the difference between qualified and nonqualified activities, you could be in trouble. Here’s why. Read More
June 7, 2019 AUP Engagements: Between Audits & Consulting Have you ever heard of an agreed upon procedures (AUP) engagement? This lesser-known attestation service could be a flexible, cost-effective … Read More
May 22, 2019 Does Your Nonprofit Need a CFO? Nonprofit CFOs do more than you may think. Depending on the size of the organization, they may oversee HR, IT, … Read More
May 20, 2019 Close-Up On Three Types of Financial Statements There are three types of financial statements. One is the income statement. Can you name the other two? Click on … Read More
May 9, 2019 Lean Manufacturers: Reap the Benefits of Lean Accounting How well are your lean improvement efforts working out? You probably won’t find the answer in your traditional financial statements. … Read More
April 26, 2019 Close-up On Professional Standards For CPA’s CPAs rank among the most trusted professionals. And that is the trust because of the extensive professional standards accountants and … Read More
April 8, 2019 Simplifying Accounting Rules For Convertible Debt & Equity Debt or equity? The answer isn’t always clear when accounting for convertible instruments, like equity-linked bonds or preferred stock. Read More
March 18, 2019 Automating Your Accounting Department Robotic process automation (RPA) is the wave of the future. While most RPA initiatives target “core” business operations, routine accounting … Read More
March 8, 2019 Divide And Conquer: How Joint Cost Allocating Works In many cases, your nonprofit is allowed to allocate costs between fundraising and other functions as long as you meet … Read More
March 6, 2019 Reporting Stock Compensation Paid To Non-Employees Good news for businesses that pay nonemployees with stock or stock options: The accounting rules for reporting stock compensation have … Read More
February 20, 2019 Warning! 4 Signs Your Nonprofit Is In Financial Danger To avert potential disaster and ensure your not-for-profit’s long-term survival, board members need to be alert to subtle signs of … Read More
February 8, 2019 Is Your Nonprofit Ready for a Raffle? Raffles are popular fundraisers for not-for-profits. But they’re subject to strict tax rules. State laws on nonprofit-sponsored raffles vary, but … Read More
