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Blog Category: Non-Profit

Increased Standard Mileage Rate for 2023

Effective January 1, 2023, the IRS has issued its annual notice that updates the allowable 2023 standard mileage rates for business use of vehicles.  For 2023, the standard mileage rate

Post Grant Award Checklist

Congratulations! After months spent researching, writing, and submitting grant proposals, your organization has been notified that it has been selected for a grant award!   After the initial excitement has

Have you considered a 457 tax-deferred plan?

What is a 457 plan? And how does it work? A 457 plan allows employees working for the state, local government, or specific nonprofits to save and invest money for

Employee Retention Credit Updates – IRS Processing Times & Strategies to Enhance Credit

Quick background – If you have not explored the Employee Retention Credit (ERC), you may qualify for a payroll tax credit that has resulted in significant refunds. ERC is available

Understanding the Statement of Cash Flows

What is the statement of cash flows? The statement of cash flows is a financial statement that illustrates an entity’s sources (inflows) and uses (outflows) of cash and cash equivalents.

What You Need to Know About In-Kind Contributions

In-kind contributions are an important resource to many not-for-profits but tracking and valuing these contributions may be challenging. What are the reporting requirements and best practices to account for in-kind contributions? What

Three Reasons Non-Federal Entities Receiving Federal Awards Should Use the OMB Compliance Supplement

The Office of Management and Budget (OMB) Compliance Supplement is issued annually providing information on Federal programs’ objectives, procedures, and compliance requirements as well as audit objectives and suggested audit

Creating an Effective Board – Executive Director Relationship

Is the leadership of your nonprofit organization collaborative and effective or mired in dysfunction? Nonprofit leadership includes both the board of directors and the executive director. The effectiveness of this

Navigating Nonprofit Board Responsibilities

Topics: The Role of the Board The Relationship between the Board and the Executive Director When Things Don’t Go According to Plan How Client Advisory Services Can Help https://youtu.be/ACuTmpNjENQ

Cryptocurrency Donation Basics for Nonprofit Organizations

Over the past several years, cryptocurrency donations to nonprofit organizations have become commonplace. Individuals who are dedicated to digital currency, or who simply wish to take advantage of the potential