To issue financial statements that align with U.S. Generally Accepted Accounting Principles (GAAP), you must dedicate significant time, expertise, and resources. Some stakeholders and lenders prefer and sometimes even require
Settling a loved one’s finances when they pass away can be an emotional and complex task. With that, a legal process that often comes into play is probate. Implementing probate
Accounting credentials aren’t required for board members to provide effective oversight. In most cases, non-profit boards are composed of members from a variety of different backgrounds including fundraising, program delivery,
There comes a time in every organization where leadership will change. Your organization must maintain continuity when key people retire, pursue new opportunities, or become unable to do their job.
In many areas of the country over the last several years, home values have risen significantly, often leaving homeowners with substantial gains after they sell. While a large profit is
If you have a side gig such as an online crafting store or a guitar gig at a local venue in addition to your regular day job, you’ll need to
Revenue Ruling 59-60 was created by the IRS to outline the methods and factors to consider when valuing a closely held business for federal gift and estate tax purposes. It’s
Mergers and acquisitions (M&A) can create opportunities for business growth, expanded services, and stronger market positioning. They also bring complex financial reporting requirements that should be addressed early in the
Helping to ensure your assets are distributed according to your wishes is the main intention of estate planning. However, circumstances can change in an instance, making it difficult to predict
A crucial part of a non-profit’s overall risk management strategy is insurance. The right non-profit insurance coverage can help your organization stay afloat in times of uncertainty by protecting employees
