Does Your Nonprofit Need a CFO?
Most nonprofits begin with a deep commitment to serving a mission — not a love of financial management. Yet as organizations grow, financial oversight becomes…
Clarifying Discount Rates Used in Business Valuations
Financing options The cost of capital represents the expected rate of return that the market requires to attract funds to a particular investment. It’s based…
Deferring Taxes on Advance Payments
An advance payment is one received by a business before it provides whatever is being paid for. For federal income tax purposes, generally advance payments…
Fostering Collaboration Between Accounting and Development Teams
Tension between Accounting and Development teams is more than a simple workplace issue. It can have real financial consequences for a nonprofit organization. Misaligned processes…
Federal Tax News for Individuals
In this update: Taxpayer rights New deductions Family-related tax rules Tax scams to watch for Disaster-related deadline relief What the Taxpayer Bill of Rights Means…
Deciding Whether to Maximize Depreciation Deductions On Your 2025 Tax Return
The deadlines for filing 2025 tax returns (or extensions) are fast approaching. Although most tax planning moves must be completed by December 31 of the tax…