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...
Jun 26, 2023 | Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction
Ensuring compliance depends on the individual actions of employees. That is why businesses that want to comply with changing laws and regulations should focus on building a compliance culture, where employees understand why compliance matters as well as their roles in...
May 15, 2023 | Blog, Nonprofit
You know the drill: It is midnight and your grant proposal is due tomorrow. Your assistant left hours ago and the words on your screen have started to blur. “It is not worth it,” you think. And besides, only a few grants pan out anyway, right? Not necessarily. Grants...
Mar 13, 2023 | Audit, Blog, Business Insights and Analytics, Business Valuation, Cider, Manufacturing, Nonprofit, Outsourced Accounting, Real Estate and Construction, SBA
Many companies and organizations have found it difficult to hire the right accounting expertise at the right price in today’s tight labor market. Some organizations struggle to find qualified team members, or they cannot afford to pay the salary of someone who has the...
Nov 14, 2022 | Blog, Nonprofit
If your nonprofit focuses most of its fundraising energy on donors who can contribute to your mission and programs now, you may have neglected legacy gifts. Such gifts represent a portion of donors’ estates that go to your organization upon their death. Legacy gifts...
Oct 17, 2022 | Accounting, Advisory, Blog, Nonprofit, Tax
If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it is still possible for nonprofits to follow the rules and experience adverse tax...
