Year end is fast approaching. Calendar-year entities that issue audited financial statements may be gearing up for the start of audit fieldwork — closing their books, preparing schedules and coordinating…
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Using independent contractors can save not-for-profits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer portion of employment taxes. You…
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Choosing the right bookkeeper is one of the most important staffing decisions your business will make. A skilled bookkeeper maintains accurate financial records, manages cash flow, and ensures compliance with…
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Understanding the Change The Financial Accounting Standards Board (FASB) has released Accounting Standards Update (ASU) 2025-08, Financial Instruments—Credit Losses (Topic 326): Purchased Loans, a significant development for banks involved in…
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Your staffers and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your not-for-profit’s mission. Many of your stakeholders probably consider successful outcomes…
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If you have a flexible spending account (FSA) through your employer to help pay for health or dependent care expenses, now’s a good time to check your balance. FSAs save…
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