The IRS recently announced 2021 indexing adjustments for some critical percentages under the Affordable Care Act (ACA). This makes now a good time to review whether your organization is an
There is a bright side to today’s unprecedented market conditions: Agile people may discover opportunities to start new business ventures. Start-ups need a comprehensive business plan, including detailed financial forecasts,
Current financial pressures mean that your non-profit probably cannot afford to pass up offers of support; however, you should be careful about blindly accepting grants. Smaller non-profit organizations that do
With a median loss of $954,000, financial statement fraud is the costliest type of white-collar crime, according to the Association of Certified Fraud Examiners. Fortunately, auditors and forensic accountants may
If your business was fortunate enough to receive a Paycheck Protection Program (PPP) loan in connection with the COVID-19 crisis, you should be aware of the potential tax implications. PPP
In the COVID-19 era, many parents are hiring nannies and babysitters because their daycare centers and summer camps have closed. This may result in federal ‘nanny tax’ obligations. Keep in
No company can afford to operate without the right accounting software. When considering whether to purchase a new product or upgrade their current solutions, however, business owners often fall prey
Want to increase your non-profit’s revenue? First, try analyzing current income as a professional auditor might. Then, you can apply your conclusions to setting annual goals, preparing your budget, and
Nearly everyone owns at least some digital assets, such as online bank and brokerage accounts, bill-paying services, cloud-based document storage, digital music collections, social media accounts, and domain names. But
Your non-profit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits are
