Critical Technologies for your NFP to have in Place
Considering the heightened risk of cybersecurity attacks, Nonprofits need to step up their game with cybersecurity, information security etc.
It’s almost Tax Day. What does the tax season mean for nonprofits?
Tax season is upon us, but if you’re a tax-exempt organization, what does that mean for you? Read our article about all the relevant information you need for filing as a nonprofit:
Finances falling through the cracks? How smart financial management can get your organization back on track.
If your business isn’t doing as well as you think it should— or if it’s not doing well at all— perhaps it's time for some serious assessment of your finances. Check out our article on how smart financial management can help you and your business turn the corner:
Avoid these common nonprofit bookkeeping pitfalls in 2022
Nonprofits make similar mistakes over and over again when it comes to their accounting and bookkeeping. Check out our article on classic accounting mistakes, and why your nonprofit needs a professional.
What Services Does a Virtual Accountant Offer?
What is a virtual accountant? How might they help your company? In our article about virtual accounting, we break down the typical issues businesses face and how virtual accountants can help:
Accountable to a higher power: How church accounting services can transform your ministry
As religious institutions, churches have unique needs when it comes to reporting their finances. Wondering whether to hire an in-house accountant or to outsource? Check out our article on the many considerations churches face
Best Apps for Donation Management in 2021
What makes a good donation management software system for nonprofits? This article will discuss the distinct functions and features your nonprofit should be looking for when selecting a donor management software.
Avoid losing your NFP tax-exempt status
Once your nonprofit organization gets approved by the IRS for a tax exemption, you must maintain tax exemption. You must know what actions or activities could jeopardize your tax-exempt status.
How to Conduct a Mid-Year Tax Check In
Do you need to reduce costs and make sure you are on target for business goals? Want to get ahead on this year’s taxes? A midyear tax check in will help you accomplish all of these and more. Let’s see why.
Changes to NFP reporting of gifts-in-kind
There is a new emphasis and an upcoming required change in how your NFP financials will present and disclose gifts-in-kind. Accounting Standard ASU No. 2020-07 has mandated this change. It will be effective for annual periods beginning after June 15, 2021. This Accounting Standard improves transparency for gift-in-kind transactions by requiring the following: