Basics of Nonprofit Financial Statements
For some, financial statements feel like they are written in a different language. Liabilities? Cash flows? Change in Net Assets? What do they all mean, and why are they important?
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Blog Month: February 2023
Wegner CPAs Named National Top Workplace
Wegner CPAs has announced it has earned the 2023 Top Workplaces USA award, issued by Energage, a purpose-driven organization that develops solutions to build and brand Top Workplaces. The Top
Preparing for the Upcoming March Deadline with an Outsourced Team for S-Corporations
As we approach the end of February, we have already passed a few key deadlines that affect S-Corporations. From informational 1099 forms to W2 processing to other payroll filings for
The Child Tax Credit and You; How to Claim Your Maximum Benefit in 2022
The Child Tax Credit (CTC) has experienced many changes over the last six years, but it is still very valuable for parents. For tax years 2022 and 2023, the CTC
How to Report Name, Address, and Year End Changes for Exempt Organization to the IRS
Change is necessary and normal for all organizations. For example, during their lifecycle, exempt organizations may find the need to rebrand and change their name. Other common situations include, exempt
On-Site vs Remote Audit: Which is best for your organization?
The modern audit process in the United States has been around since the early 1900s. Born in response to the stock market crash of 1929, the passing of the Securities
Tax Implications For Employees Who Receive Tips
Employees of some businesses receive tips as a part of their compensation. These businesses generally include restaurants, hotels, and salons. Definition of Tips Tips are optional payments paid by customers
5 Tips When Adopting The New Lease Standard
The Financial Accounting Standards Board (FASB) introduced Accounting Standards Codification (ASC) Topic 842, Leases, to provide more transparency and accountability in financial reporting. The standard requires lessees to recognize lease
Audit Tips for a Hybrid Workforce
As we close out the first month of 2023, the landscape of the workforce continues to evolve. Staffing issues continue to be a top concern for many organizations, and as