Effective Grant Management and Proper Accounting Procedures for Nonprofits
Grants are an important part of nearly every nonprofit organization’s funding structure and budget. Whether the nonprofit is new and receiving its first grants for start-up activities, or large and…
Proposed Small Business Jobs Act Offers Incentives for Investments in Businesses, Opportunity Zones
On June 13, 2023, the Ways and Means Committee of the U.S. House of Representatives voted favorably on H.R.3937, the Small Business Jobs Act (SBJA). Supporters say the bill would…
Simplify Your Finances: The Benefits of Using a Bill Pay Vendor like Bill.com
Managing finances can be a daunting task, especially when it comes to paying bills. The process of juggling multiple payments, due dates, and invoices can consume valuable time and energy.…
Avoid These 8 Common Accounting Mistakes for Small Businesses
Running a small business presents many challenges, which can draw one’s attention in multiple directions at once. Keeping track of a company’s finances is essential to its long-term success and…
Decrease Audit Stress with These 5 Tips
Audits can be very stressful. Organizations must get audits right to ensure compliance with a variety of local laws and regulations. They must show that financial information is represented fairly…
IRS Unveils 2023 Dirty Dozen
Every year, the IRS compiles a list of 12 tax scams that could target or affect taxpayers, known as the “Dirty Dozen” list. It advises tax professionals and taxpayers, both…
HSAs – The Tax Planning Tool for Your Future
Health savings accounts (HSAs) are an often overlooked tax planning tool that can not only save you taxes now but can also be used for wealth-building and retirement planning. If…
Preparing Your Nonprofit for an Audit Under ASC 842
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take…
Maximizing Healthcare Revenue: A Checklist for Revenue Cycle Optimization
The current economic climate has imposed considerable pressure on businesses of diverse backgrounds on a global scale. Of note, the healthcare sector is experiencing multiple strains stemming from such factors…
Let Data Speak for Itself! How Data Visualization Can Spark Leadership Engagement and Gain New Insights
Are you confident that you are presenting financial data effectively? Are the exceptions and significant changes over time in your financial data obvious at just a glance? Does your reporting…
Tax Time Guide: IRS Provides Where’s My Refund? Tool
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income…
IRS Reminds Retirees: April 1 is last day to start taking money out of IRAs and 401(k)
The IRS has released a series called the Tax Time Guide, a resource to help taxpayers file an accurate tax return. Additional help is available in Publication 17, Your Federal Income…