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A Nonprofit’s Guide to Accounting

January is the perfect time to refresh and refocus. Nonprofit accounting can be complicated, and accuracy is essential. It is crucial for organizations to be able to provide a transparent account of how they’re spending their funds so that donors can feel confident supporting their work, and agencies must file complete and correct reports with .....

NPOs Can Still Get CARES Act Employee Retention Credit

As pandemic-era support programs continue to sunset, financial relief is still available for some nonprofit organizations impacted by COVID-19. The Employee Retention Tax Credit (ERC) is a rare tax credit (taken against employment taxes) available to tax-exempt organizations and was passed as part of the CARES Act in 2020. To be eligible, an organization must .....

Why We Didn’t Fund Your Scaling Plan

Developing solutions and strategies to achieve your organization’s mission is the core of any nonprofit, but once you’ve found those solutions, how do you spread that message? Scaling your plan effectively is the key to creating maximum impact. In this article from The Standford Social Innovation Review, you’ll find a checklist that will help you develop .....

Three Lessons for Building High-Impact Corporate Partnerships

For nonprofit organizations, financial support from corporations generally comes in the form of donations and sponsorships. While on the surface, these may seem like clear-cut interactions, don’t miss this opportunity to build significant partnerships with your corporate supporters. By taking a little extra time to learn about an organization’s values, community engagement, and leadership, you .....

How Nonprofit Organizations Can Prepare Their Teams For 2023

A new year has arrived, and with it comes the opportunity to reflect and refocus on how your organization is achieving its vital mission. Taking the time now to plan your strategies thoughtfully is one of the best ways to achieve success all year long. Gathering your team to discuss potential challenges and opportunities, staffing .....

Employee Spotlight – Renee Sullivan

It’s your time to shine! Who is your favorite author?  What is the best book you’ve read? Jodi Picoult What is your favorite movie and/or TV show? Favorite TV show is The Office. Favorite movie is Bridesmaids What did you want to be when you were growing up? Teacher What hobbies do you have? Crocheting, .....

Your Year-End Financial Checklist

Believe it or not, the year is coming to a close. If you want to finish strong and set attainable goals for 2023, here’s a handy, actionable checklist to help you navigate upcoming expenditures. Review Your Spending and Create a Budget This might seem like Finance 101, but it’s a tried and true method that .....

The 2022 Tax Guide

Now is the time of year to do everything you can to minimize taxes and maximize your financial health with proper year-end planning. In this article, we’ll look at several actions to consider taking before the end of 2022. Thoughtfully Harvest Losses and Gains Before Year-End Tax loss harvesting by selling securities at a loss .....

Defining and Calculating Amortization

When there’s a question of the benefit that tangible or intangible assets provide businesses, there are many factors that must be weighed to make internal accounting procedures effective. Businesses must determine how the cost of business assets can be expensed each year over the asset’s lifespan. Looking at how amortization and depreciation work, implementing both .....

How to Manage In Manufacturing

There is a perception that managing in manufacturing is drastically different than managing workers in other industries. In a recent article for Forbes, Trond Arne Undheim questions this perceived difference. While he acknowledges that there are physical realities that impact manufacturing, he suggests that the current manufacturing management style “slanted towards control, emphasizing supervision, [and] .....