Don’t be surprised by a sudden influx of support
Disaster-relief charities have long contended with sudden influxes of attention and donations. But any nonprofit could face this “problem.” Be sure to prepare for logistical and other challenges.
News & Insights
How construction businesses can better manage their money
Construction businesses face a number of distinctive challenges when it comes to financial management. Fortunately, there are also plenty of solutions to be found.
Business owners, your financial statements are trying to tell you something
Business owners: Make sure you’re not tossing your financial statements in a file drawer and forgetting about them. They contain valuable info!
Nonprofits: Take another look at Inflation Reduction Act tax breaks
You’d be forgiven for ignoring tax breaks contained in the Inflation Reduction Act. After all, they won’t help tax-exempt organizations. Or will they? We suggest you look at two provisions benefitting nonprofits.
4 things contractors should know about smart buildings
Construction companies are increasingly being asked to work on “smart” buildings. These high-tech projects are good opportunities but can be challenging as well. Here are four things to know.
How to minimize billing bottlenecks
Today, many companies are seeking innovative ways to improve their financial health. One area to focus on, that’s easy to overlook, is billing and collections.
Making the most of your nonprofit’s social media accounts
Maintaining a social media presence is a must for nonprofits these days. But you also want your efforts to be effective. Learn how to evaluate platform use and protect your reputation online.
B2B businesses: Assess customer credit carefully
B2B companies typically offer credit arrangements to their customers. If your business does so, be sure your credit assessment process is continuously improving.
Making a nonprofit mission drift official
Has your nonprofit’s mission shifted in recent years? You may need to make the change official. Here’s how to evaluate your mission, write a new statement and notify invested parties.
Cash vs. accrual accounting: What’s the difference?
Is your business using the optimal method of accounting? What’s right depends on your company’s size, level of sophistication and other key factors.
Plan now to reimburse staffers, board members and volunteers
Every organization needs a reimbursement policy, even if you infrequently reimburse stakeholders for travel, meals and other expenses incurred on your nonprofit’s behalf. We explain what a policy should include.
Small businesses can help employees save for retirement, too
Many small business owners believe they can’t afford to sponsor a qualified retirement plan for employees. If this is the case for your company, be aware that there are some relatively inexpensive, simple options worth considering.