Accounting Standard Updates That May Impact Your Nonprofit in 2025
Staying up to date with accounting standards and auditing updates is essential for nonprofit organizations to remain compliant and prepared....
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Non-Profit
12/13/2024
Understanding Indirect Expenses and Indirect Expense Allocation
Did you know that poorly allocated indirect expenses could cost your nonprofit vital funding? What are indirect expenses? Indirect...
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Non-Profit
12/05/2024
Nonprofit Trends to Watch in 2025
As we’re approaching year-end, many nonprofit organizations are setting budgets and goals with their sights set on 2025. Here’s a...
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Non-Profit
11/15/2024
Retirement Plan Audit vs. Retirement Plan Checkup
The Department of Labor (DOL) requires that retirement plans (401K, 403b, ESOP plans etc.) with 100 or more participants with...
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Business
11/14/2024
Policies and Procedures: Investment Policy
Cash management and liquidity are critical for nonprofit financial health and sustainability. This generally involves some form of investment. Nonprofits...
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Non-Profit
11/14/2024
IRS TIN Matching Service Can Save You Time & Money
The IRS requires payors who remit payments to vendors (ex. self-employed contractors) to obtain a name and tax ID number...
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Business
11/14/2024
IRS Implements Changes to Increase Accuracy of 1099 Filings
For years the IRS focused on the accuracy of W-2s in reporting income. Employers were required to have an employee...
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Business
10/23/2024
Mastering Month-End Close: Best Practices and Automation
Have you ever heard someone talk about “closing the books” at the end of the month? The Month-End Close process,...
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Business
10/14/2024
4 Reasons You’re Not Reaching the Right Candidates
Are you trying to hire, but continue to get either unqualified or irrelevant resumes? It’s so frustrating, and it’s easy...
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Business
09/26/2024
Cost Allocation on the IRS Form 990
All 501(c)(3) and (c)(4) nonprofit organizations who are required to file a Form 990 (not including Form 990-EZ or 990-N)...
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Non-Profit
09/12/2024
Rental Income for Nonprofits: Unrelated Business Income Tax or Exempt?
Donations and grants are typically the first things that come to mind when considering nonprofit funding sources. However, many organizations...
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Non-Profit
09/06/2024
Policies and Procedures: Whistleblower Policy
The Importance of the Whistleblower Policy So far in our Policies and Procedures series, we have looked at two of...
