How to Get the Help You Need for your Nonprofit

How to Get the Help You Need for your Nonprofit

At many nonprofits, managers may be spending too much time trying to decide if it’s worth the money to engage a CPA firm to help the organization with its finances. After all, resources are often very limited at nonprofits. However, managers would do well to consider...
Does Your Nonprofit Need an Audit?

Does Your Nonprofit Need an Audit?

The regulations on nonprofit auditing vary from state to state. There are federal laws that mandate audits for certain nonprofits too. First and foremost, you should educate yourself on the laws in your state and investigate whether you are legally required to undergo...
The Financial Basics for Nonprofits

The Financial Basics for Nonprofits

Few people start a career in the nonprofit sector because they love finance. However, the higher you rise in your organization, the more you need to know about accounting and budgeting. The first thing you need to understand is the yearly accounting cycle, which...
Employee Retention Credit: Further Guidance

Employee Retention Credit: Further Guidance

In COVID Tax Tip 2021-123, the IRS clarifies some of the confusion surrounding the powerful but complex Employee Retention Credit. The IRS is addressing changes made by the American Rescue Plan Act of 2021 that apply to the third and fourth quarters of 2021.  ...
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