Your nonprofit must carefully review findings after an annual audit and correct any deficiencies identified in the audit report. But you should also consider acting on recommendations that can reduce risk.
Do you have questions about reporting property, plant and equipment assets on your financial statements? From capitalizing costs to calculating depreciation, we have the answers.
Among other things, a governance policy can provide board members with a framework for making decisions consistent with your nonprofit’s mission. Here’s what to put in your policy.
Business owners: The term “concentration” has multiple applications, and any one of them could spell trouble for your company. Here’s what you need to know.
Nonprofit board member? You must constantly look for signs that your organization might be vulnerable during an economic downturn. We list several red flags.
Construction business owners: Are you considering buying a drone? If so, approach the purchase with a careful eye on what you’ll use it for and the total cost of ownership.
Many businesses reach a point where sponsoring a high-deductible health plan accompanied by employee Health Savings Accounts makes sense. If yours might be just about there, here are some key points to consider.
Help ensure your nonprofit’s staffers and board members know where their roles and responsibilities lie. Such guidance can help avoid confusion, resentment and redundant work.
Start benchmarking today and take the guesswork out of financial management.
Market conditions are rapidly changing. How should your company’s financial statements report major events that happen between the end of the accounting period and when your company’s financial statements are completed?
Construction business owners: Does your company perform long-term projects? If so, you may need to undertake the look-back method when reporting income to the IRS. Here’s a quick review.
Business owners: If your company’s sales compensation model needs a refresh, there are several other options you can consider. Here’s a rundown.