Regardless of your investing experience, certain traits can be advantageous for anyone investing. Let’s see what they are.
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Temple Management Consulting, Certified Public Accountants
Do you need current information on the financial standing of your organization in order to make decisions?
Do you lack in house accounting know how?
Is your team losing time that it could be spending on core activities in order to manage your accounting and financial reporting?
Temple Management Consulting is a complete virtual accounting and finance partner to supplement your in-house accounting department.
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How We Help…
Nonprofits and Churches
- Nonprofit Accounting Support From the Ground Up
- Donation and Contribution Management
- Fund Accounting
- Grant Financial Management and Grant Compliance
- Financial Statements and Day-to-Day Accounting for Nonprofits
- Real-Time Financial Reporting and Metrics with Easy to Understand Dashboards
- Design and Implementation of Accounting Systems
- Budgeting and Forecasting
- CFO and Controller Services
- Business Advisory
- Financial Literacy Training
Professional Businesses
- More Time. Less Stress. Stronger Accounting!
- Bookkeeping
- Financial Reporting and Analysis
- Budgeting and Forecasting
- Day-to-Day Accounting
- Real-Time Financial Reports and Metrics and Easy to Understand Dashboards
- Design and Implementation of Accounting Systems
- CFO and Controller Services
- Business Advisory
- Financial Literacy Training
Contact Temple Management Consulting to get started
Meet Temple Management’s CEO, Annette Sullivan
Resources from Temple Management
Women: The Traits of A Good Investor
Regardless of your investing experience, certain traits can be advantageous for anyone investing. Let’s see what they are.
The Corporate Transparency Act (CTA) and Its Impact on Nonprofits in 2024
The Corporate Transparency Act (CTA), which came into effect on January 1, 2024, represents a significant shift in the regulatory landscape for U.S. businesses, including any non-exempt nonprofit organizations such as churches and charitable organizations. The implementation of the Corporate Transparency Act marks a pivotal moment in the fight against financial crimes, signaling a concerted effort to strengthen accountability and integrity within the business and nonprofit sectors. This legislation aims to enhance financial transparency and combat illicit activities by requiring certain entities to report beneficial ownership information to the Financial Crimes Enforcement Network (FinCEN). By mandating the disclosure of beneficial ownership details, the CTA seeks to create a more transparent environment that deters illicit activities and promotes a culture of compliance across diverse entities operating within the United States. What Nonprofits Need to Know Exemptions for Nonprofits If your nonprofit has applied for 501(c) status but has not yet received it, you could potentially be subject to reporting requirements under the Corporate Transparency Act (CTA). Nonprofits with an active 501(c) status, political organizations under Section 527(e)(1), or charitable or split-interest trusts are exempt from the CTA’s reporting requirements. This broad exemption covers a wide range of nonprofit organizations, including most charities, schools, religious organizations, private foundations, social welfare organizations, labor organizations, trade associations, chambers of commerce, and social clubs. It’s important to note that the exemption applies without regard to whether the organization has filed an application for recognition of tax-exempt status pursuant to IRC 508(a) Implications for Noncompliant Nonprofits Nonprofits that do not meet the exemption criteria must comply with the CTA’s reporting requirements. Examples of Noncompliant Nonprofits Defective Drafting: Nonprofit organizations with defective drafting of their Articles of