Apr 22, 2024 | Audit, Blog, Closely Held Businesses, Mergers and Acquisitions, Nonprofit, Outsourced Accounting, Startup Business
Once your business has survived the start-up phase, it has got a solid foundation to grow. Business and financial advisory services are critical at this stage of development. Consider these major areas or functions of your company to focus on as you look to take it to...
Apr 15, 2024 | Blog, Fraud Prevention and Investigation, Nonprofit
Many businesses support their communities by donating to local charities. While there are many nonprofits that deserve your support, some exist solely to facilitate fraud. How can you avoid the latter? Familiarize yourself with the deceptive tactics scammers use and...
Sep 25, 2023 | Blog, Nonprofit
Most not-for-profits count on donors to keep their organization humming on all cylinders. But if donations start to slow down due to factors beyond your control, such as high inflation or economic weakness, how will you fill budget gaps? If you have not done so...
Aug 7, 2023 | Blog, Nonprofit, Tax
The U.S. Tax Court denied a charitable contribution deduction to a taxpayer for non-cash charitable contributions because the taxpayer did not comply with the reporting requirements. Background on the Deduction The Internal Revenue Code allows as a deduction any...
Aug 7, 2023 | Nonprofit, Tax
The U.S. Tax Court denied a charitable contribution deduction to a taxpayer for non-cash charitable contributions because the taxpayer did not comply with the reporting requirements. Background on the Deduction The Internal Revenue Code allows as a deduction any...
Jul 28, 2023 | Blog, Nonprofit
The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits could not obtain the financial and other support they need to fulfill their mission. That is why you need to protect your exempt status at all costs. Six Violations...
