Cost management is critical for companies today
Many small to midsize businesses struggle to control their cash outflows. A carefully considered and disciplined approach to cost management can help.
Companies should take a holistic approach to cybersecurity
Business owners: Are you taking a top-down approach to cybersecurity? If not, you should be. It’s critical to address the threat at every level of your company.
When corporate sponsorships raise UBIT issues
At a time when every dollar counts, your nonprofit doesn’t want to end up with a UBIT bill. So be careful when accepting corporate sponsorships because some can be risky.
Automate that! How AI and other software can help improve efficiency
Your nonprofit likely already uses accounting software and other tools to automate routine tasks. Could you automate more? Probably. We suggest additional functions that can benefit from AI and other automation.
EBHRAs: A flexible health benefits choice for businesses
Business owners: Are you looking to sponsor a health care plan but want to control costs? One potential solution may be an excepted benefit Health Reimbursement Arrangement.
Mine your nonprofit’s audit report for good suggestions
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.
Back to basics: A practical playbook for reporting PPE
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.
Promoting good governance with a board policy
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.
How companies can spot dangers by examining concentration
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 members: Watch for financial warning signs
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 companies should approach drone purchases carefully
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.
Weighing the pluses and minuses of HDHPs + HSAs for businesses
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.