Keeping in compliance with Uniform Guidance
Government grants usually come with certain obligations. Here’s what you need to know to help ensure your nonprofit complies with Uniform Guidance rules for recipients of federal funds.
Reporting non-GAAP measures
Warning: Non-GAAP metrics can sometimes mislead investors! That’s why some stakeholders want a formal definition of EBITDA to be added to the accounting rules.
Nonprofits: 4 signs that something may be awry
Have you noticed dramatic spending variances from your nonprofit’s budget? What about declining donations? Don’t ignore these warning signs. Find out what’s causing them and tackle the underlying issues.
Strengthen strategic planning with competitive intelligence
Business owners: Strategic planning is undeniably important, but you may be missing a savvy move if you aren’t using competitive intelligence to refine your game plan.
Beware of the gray areas in accounting
Accounting compliance doesn’t necessarily equate with economic reality. Former Enron CFO Andrew Fastow, one of the “poster boys” for corporate fraud, warns that misstatement often happens because of ambiguity and complexity in the accounting rules.
Spring cleaning in QuickBooks
Over time, it’s common for accounting records to become cluttered with unused and duplicate list items. Here are some ways for QuickBooks users to clean things up and make data entry more efficient.
IRS guidance coming regarding the IRA’s Clean Vehicle Credit
Will the electric vehicle you have your eye on qualify for the Clean Vehicle Credit?
Your nonprofit probably won’t be audited by the IRS, but if it is …
Your nonprofit may do everything by the book and still be selected for an IRS audit. Don’t panic! We explain the typical correspondence audit process and how to get through it..
New-and-improved accounting rules for common control leases
Coming soon! The FASB recently issued amendments to help organizations that rent property from related parties report those arrangements on their balance sheets.
How to get more from your company’s income statement
Financial reporting is more than an exercise in compliance. Proactive owners and managers view their income statements as a diagnostic tool to gauge performance and fix inefficiencies and anomalies.
Beefing up benefits may save tax dollars for construction businesses
Construction business owners: Is your benefits package competitive in today’s tight job market? Here’s a review of some of the most valued options to consider.
Nonprofits: 4 ratios worth watching
What if we told you that only four ratios mattered when it came to managing your nonprofit? OK, that would be an exaggeration. But there are four measures that generally matter more than the rest.