Internal Controls Over Activities Allowed and Allowable Costs
Organizations may be subject to the Uniform Guidance requirements, also known as a Single Audit, if they expend more than...
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Non-Profit
01/15/2025
The Schedule of Expenditures of Federal Awards (SEFA) Overview
The Uniform Grant Guidance (UGG) states that an organization expending $750,000 or more in Federal awards during its fiscal year...
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Non-Profit
12/17/2024
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)...
