Cash Reserve Policies and Considerations for Cash Management
Nonprofits operate in a complex market full of near-constant challenges and changes. Technology advances, an uncertain economy, changing donor ...
Tax Implications for Social Security Benefits: What You Need to Know
Understanding the nuances of tax laws, especially those pertaining to Social Security benefits taxation, is necessary for accurate tax preparation ...
Tackling Nonprofit Fraud: Awareness and Prevention
Fraud perpetrated through cyberattacks and social engineering has increased significantly over the past few years. Forensic services teams are busy ...
Is QuickBooks Right for Your Nonprofit?
Not-for-profit organizations exist to achieve nonfinancial or philanthropic goals, not to make money or build value for investors. But they still ...
IRS Provides Transitional Relief for RMDs and Inherited IRAs
The IRS has issued new guidance providing transitional relief related to recent legislative changes to the age at which taxpayers must begin taking ...
FASB Proposes Last-Minute Changes To Lease Accounting Rules
Accounting Standards Codification Topic 842, Leases, requires organizations to report the full magnitude of their long-term lease obligations on ...
For a Stronger Nonprofit, Increase the Number of Income Streams
Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic has made this ...
Small Business Tax Incentives for Employers: Credits, Grants & More
Small-business owners often find themselves in a dilemma: they want to grow their business to meet demand, but tight financial circumstances can make ...
Protecting Your Business From Organized Crime
During the early stages of the COVID-19 pandemic, many cash-short small businesses turned to their banks, while others sought help from family and ...