Your nonprofit probably won’t be audited by the IRS, but if it is …
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it..
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it..
Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.
Construction business owners: Is your benefits package competitive in today’s tight job market? Here’s a review of some of the most valued options to consider.
What if we told you that only four ratios mattered when it came to managing your nonprofit? OK, that would be an exaggeration. But there are four measures that generally matter more than the rest.
When reviewing a company’s financial statements, you may wonder: What are deferred taxes and how does the company quantify them? Wonder no more.
Business owners: The recent news stories about failed or troubled banks has probably caught your eye. Consider it fair warning to engage in sound risk management practices, such as stress testing.
Business owners: Be advised that penalties levied under the Affordable Care Act will be going up next year. Now’s a good time to determine whether your company could be at risk.
Even if you’ve implemented solid internal controls, occupational fraud can strike your nonprofit. But a fraud emergency plan can help reassure stakeholders and get your organization back up and running.
Here’s a rundown of the business and individual tax provisions included in President Biden’s recently released budget proposal.
Many business owners believe no one on their leadership team would ever steal or cheat. Yet executive fraud costs companies hundreds of thousands of dollars annually.
What types of information and procedures do auditors use to verify account balances and transactions? Anticipating document requests and inquiries can help make your next audit more efficient.