Business owners: Be sure you’re properly classifying cash flows
Business owners: Is there room for improvement in your statement of cash flows? There might be, specifically in how you classify different types of transactions.
Is a PTET election right for your construction company?
Construction business owners: Does your state have a pass-through entity tax? If so, and your company is eligible for it, you may be able to save taxes. But the devil is in the details.
Nonprofit programs: Out with the obsolete, in with the most effective
Whether your nonprofit’s program budget will be smaller or larger in 2025, it’s smart to keep program spending in check. Review your nonprofit’s offerings and data for laggards and unmet needs. Here’s how.
Beyond the numbers: 5 red flags that may indicate financial distress
To spot financial distress early, it sometimes pays to look at more than just a company’s financials. Here are some red flags to watch for.
How to report contingent liabilities in your company’s financial statements
Is a contingent loss remote, probable or reasonably possible? The answer determines whether to disclose it in the footnotes and accrue a liability on the balance sheet.
Giving season’s here! It’s time to engage donors
Is your nonprofit ready for giving season? More charitable givers donate in December than any other month. Here’s how to increase visibility and ensure tech glitches don’t undermine your fundraising efforts.
Many construction businesses need to step it up on cybersecurity
Construction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses.
You know your nonprofit is ethical. Put it in writing!
Even small nonprofits can benefit from having a formal code of ethics. This policy can complement your mission statement and act as a decision-making guide for staffers.
Eyes on the income statement
Turn your income statement from a historical snapshot of financial performance into a valuable management tool.
Working capital management is critical to business success
Business owners: If your company is struggling with liquidity, it may be headed for trouble. Let’s discuss the critical concept of working capital management.
Sharing space can mean sharing costs and more
Is your nonprofit getting squeezed by rising rents? You might think about sharing space with another charity or other organization. We look at several options that could help you save money.
Board independence is about more than avoiding conflicts of interest
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.