How Nonprofits Can Benefit from Outsourced Accounting
Written by Partner Mike Smith, CPA and Partner Vicki Kosuda, CPA Running a nonprofit is a big job. From delivering mission-driven programs to managing grants and maintaining donor relationships, nonprofit…
Timekeeping for Nonprofits: Compliance, Clarity, and Better Management
Nonprofit organizations often juggle multiple programs, funding sources and staffing structures, making accurate time tracking essential. Furthermore, federal and state wage and hour laws require certain records be kept, and…
Building a Culture of Accountability in Nonprofits
You might be tempted to think that “accountability” is just the latest in a long line of management buzzwords. But if properly embraced, it can transform an organization. When nonprofit…
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 increasingly complex and critical. This…
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 and poor communication can affect…
Enterprise Risk Management Built for Nonprofits
Nonprofit leaders might assume that enterprise risk management (ERM) is something only large, complex organizations need (or can afford). But the truth is, organizations of all sizes can benefit from…
IRS Guidance Addresses New Deductions for Tips and Overtime
The One Big Beautiful Bill Act (OBBBA) establishes new individual federal income tax deductions for qualified income from tips and overtime. Although the OBBBA wasn’t signed into law until July…
Pricing Donated Goods: What Nonprofits Need to Know
Nonprofits of all sizes often receive donations of tangible property, from clothing and household goods to artwork and equipment. But pricing donated goods and determining how to value them isn’t…
Turn Your Volunteer Work Into Tax Savings
As we look back at this past holiday season, you may have donated your time to a favorite charity. Perhaps you’ve organized a holiday bazaar for a local animal shelter,…
Monitoring Financial Ratios Can Control Expenses and Improve Efficiency
In general, not-for-profits should work with professional financial advisors to ensure they’re complying with the IRS’s rules for tax-exempt organizations and effectively managing budgets, endowments and other financial functions. At…