As one of the managers responsible for your nonprofit’s tax and accounting reports, you understand the implications of making errors on a wide variety of statements. Just a few Tax errors with a tax form, one mistake on a balance sheet, or one oversight for a reconciliation statement, and your … Read More
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How to Ease Staffer Anxiety About Your Nonprofit’s Future
The COVID-19 pandemic created an economic firestorm that many nonprofit organizations have discovered to be difficult to put out. High inflation has taken a bite out of the budgets of nonprofit organizations and many nonprofits must fill a record number of job openings caused by an acute labor … Read More
Putting Accountability Into Practice
Accountability is a term used by nonprofit organizations, but what does the term mean? It means taking responsibility for actions and outcomes. Operating with a keen sense of accountability into practice helps nonprofit managers discover solutions to difficult problems, instead of avoiding them. … Read More
Lost Your Tax-Exempt Status? Here’s How to Regain It
Achieving tax-exempt status for your nonprofit organization is a vital element of meeting your goals. Without tax-exempt status, your cash flow takes a hit because of the payments your nonprofit must make to the IRS. Maybe you forgot to file Form 990. 990-EZ, or 990-N with the IRS before the … Read More
A Financial Dashboard Can Take Your Nonprofit Where It Wants to Go
When you glance at your car’s financial dashboard, you see plenty of useful information that helps you operate the motor vehicle, such as how fast you are traveling, how far you have traveled, and how much fuel you have before you need to stop at a fuel station. A dashboard resembles a car dashboard … Read More
Promoting Your Nonprofit With Your Annual Report
Working at promoting your nonprofit organization is a highly energetic experience. Organizing fundraisers, recruiting volunteers, and interacting with donors make the commitment to a cause worthwhile. However, there is one obligation that can be viewed as an unpleasant task. We are talking about … Read More
What Charitable Givers Need to Know About Taxes
Donors with charitable hearts do not donate to their favorite causes just to take advantage of charitable givers and tax breaks. It is the financial health of the charity that matters, as well as the mission the charity wants to accomplish. However, charitable donors should understand the tax … Read More
Your California Nonprofit Can Benefit From AI Technology
Artificial Intelligence isn’t only about computers performing complex tasks without human input. The AI umbrella covers multiple technologies, including machine learning, natural language processing, and robotic process automation. These tools—and others like them—help all sorts of organizations, … Read More
How an Accountable Plan Benefits Your California Nonprofit and Staffers
Providers of California nonprofit audit and tax services recommend you reimburse employees and staffers for work-related expenses. Accountable plans are one such tool you can use to reimburse expenses free of federal income and employment taxes. Maximize your financial strategy with accountable plan … Read More
What you need to know about D&O insurance for nonprofits
D&O insurance refers to directors and officers liability insurance and it is meant to mitigate the personal responsibility of certain parties affiliated with an organization in the event of litigation. Many for-profit entities engage this type of insurance coverage, but fewer non-profits carry … Read More