Got independent contractors? Get to know Form W-9
Nonprofits that pay independent contractors must keep completed Form W-9s on file for them. We offer some tips for obtaining this information from workers and filing it the IRS.
Why uncertainty calls for a more flexible budget
If your nonprofit’s budget is fixed or static, it may be inadequate during turbulent times. Here’s why you might want to consider a more flexible rolling budget, or even decide to reforecast your current budget.
The IRS unveils ERTC relief program for employers
Beware of fraudsters hyping the Employee Retention Tax Credit! Not all businesses are eligible despite the claims you may be hearing on TV or in mail, phone and email solicitations.
The future of accounting: How to embrace cutting-edge technology
Artificial intelligence is a hot topic among business leaders. Should your company make a New Year’s resolution to evaluate AI’s potential to improve its financial reporting and planning?
6 tips to improve job-costing systems
Is your company’s job-costing system accurate and user friendly? Tracking costs can help identify which projects and customers are the most (and least) profitable.
Businesses: Do you have to comply with the new corporate transparency reporting rules?
The new corporate transparency reporting rules are complex, but failing to comply with them can be costly to businesses.
Tax fundamentals for construction businesses in the new year
Construction businesses need a comprehensive strategy for mitigating the risk of a hefty tax bill. Here are some fundamentals to consider.
3 types of internal benchmarking reports for businesses
Business owners: You may be able to gain valuable insights from your financial statements with internal benchmarking.
Best practices for effective board meeting minutes
Nonprofit board meeting minutes are only as good as the details they contain. You’ll want to provide all necessary information without going overboard. Here are some tips to keep in mind.
5 strategies to cut your company’s 2023 tax bill
Making time for year-end tax planning time now may prove beneficial come tax-filing time next year.
The 2024 cost-of-living adjustment numbers have been released: How do they affect your year-end tax planning?
Take these 2024 cost-of-living adjustments into consideration as you work on your year-end tax planning.
Construction companies: Lean into tech to optimize accounting and financial management
Construction businesses can’t allow themselves to fall behind the times technologically, especially when it comes to accounting and financial management.