Not-for-Profit

Don’t Have a Tax-Favored Retirement Plan? Set One Up Now

June 5, 2024

If your business doesn’t already have a tax-favored retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for significant tax-deductible contributions. For…

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Nonprofits: Act Thoroughly on Audit Findings

June 3, 2024

External audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational fraud. Often,…

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Scrupulous Records and Legitimate Business Expenses Are the Key to Less Painful IRS Audits

May 30, 2024

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully record expenses to claim…

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Weighing Potential Risks and Returns of Alternative Investments

May 17, 2024

Alternative investments may appeal to your not-for-profit because they often offer higher long-term performance than traditional securities do. However, these investments can come with tax liabilities. They also typically are…

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Using Data Analytics and AI for Managing Business Cash Flow

May 7, 2024

By: Victoria Kosuda, CPA, Principal, Client Accounting Services and Advisory Use Data Analytics Tools and AI for Better Business Cash Flow Management  Data analytics and artificial intelligence (AI) are transforming…

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Making the Most of Your Nonprofit’s Social Media Accounts

April 9, 2024

When’s the last time you evaluated your not-for-profit’s social media strategy? Are you using the right platforms most effectively, given your mission, audience and staffing resources? Do you have controls…

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Exploring Alternative Financing Options for Your Business

April 2, 2024

Access to capital and funding are among the most pressing concerns that CFOs face today. With traditional bank loans becoming more challenging to secure under uncertain market conditions, exploring alternative financing…

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Making a Nonprofit Mission Drift Official

March 19, 2024

Mission drift is common in not-for-profit organizations, particularly if they’ve been active for a long time. Your local community probably has grown, the issues surrounding your mission may have evolved…

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W-9 Rules for Independent Contractors in General Businesses

February 29, 2024

If your business is perpetually shorthanded, you may have decided to engage independent contractors or freelancers to pick up some of the slack. Just make sure you’re collecting the right…

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Federal Tax News for Individuals

February 26, 2024

1. Working From Home? With so many people working from home, they may refer to their workspaces as “home offices.” But do those spaces qualify them for home office tax…

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