Blog

Anna Lovegren | Sep. 15, 2021

Associations Should Prioritize Common Interests, Not Individual Services

Watch out, nonprofit trade associations! If your group is a 501(c)(6) organization, your activities could potentially threaten your tax-exempt status.…

Ashley Sparks | Aug. 25, 2021

Your Nonprofit May Have an Internal Controls Gap

The typical defrauded not-for-profit loses $75,000 per fraud incident, according to the Association of Certified Fraud Examiners. And that doesn’t…

Becky Gibbs | Aug. 4, 2021

5 Ways Nonprofits Can Prepare for an Audit

No not-for-profit looks forward to annual audits. But regular maintenance and preparation specific to an impending audit can make the…

Anna Lovegren | Jul. 14, 2021

Does Your Nonprofit Owe Tax On Its Sponsorships and Advertising?

Your not-for-profit may prefer to avoid activities that subject it to unrelated business income tax (UBIT). But if you accept…

Becky Gibbs | Jun. 30, 2021

Tackling Volunteer Liability Issues

During the pandemic, your not-for-profit may have been forced to operate without your dedicated volunteers. It has probably come as…

Tiffany Shermak | Jun. 23, 2021

Is Your Nonprofit Complying with Federal Procurement Requirements?

“Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards” (Uniform Guidance) applies to all not-for-profits that accept federal…

Becky Gibbs | Jun. 9, 2021

What Nonprofit Board Members Need to Know About Fiduciary Duties

It takes more than dedication and enthusiasm for your not-for-profit’s cause and programs to make a good board member. The…

Becky Gibbs | May. 26, 2021

Making the Decision to Hire New Nonprofit Staffers

Many Americans remain unemployed due to the COVID-19 pandemic — at least 9.8 million at the end of April, according…

Anna Lovegren | May. 10, 2021

Do You Know the New Accounting Rules for Gifts in Kind?

If your not-for-profit organization accepts contributions of nonfinancial assets, such as land, services and supplies, you should know about Financial…

Becky Gibbs | Apr. 28, 2021

Minimize the Need to Make Year-End Financial Adjustments

Why don’t your nonprofit’s interim and year-end financial statements match? It may come down to cash basis vs. accrual accounting.…

Anna Lovegren | Apr. 14, 2021

Protect Your Organization’s Fragile Tax-Exempt Status

No nonprofit’s tax-exempt status is permanent. If you violate IRS rules, you could lose it as well as the loyalty…

Becky Gibbs | Apr. 1, 2021

Nonprofits: Heed These Financial Danger Signs

Many not-for-profits are just starting to emerge from one of the most challenging environments in recent memory due to the…