Blog


Considering Hiring a Cybersecurity Professional? Here’s What to Look For

With the occurrence of cybercrimes affecting businesses increasing daily, many companies are looking for outside expertise to help them mitigate their risks. If your company has never engaged a cybersecurity professional before, you may be unsure of what to look for. The IRS suggests businesses use the following four steps when evaluating and …

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Tracking Grants for Nonprofits

Grant management is often overlooked and underappreciated. If you are organized in how you approach this area, you will improve the overall grant management process and enhance organizational efficiencies.

Below are a few suggestions that will help you improve your grant process and help you focus your time on other, more impactful activities.

Create a …

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Outsourcing for Nonprofits

With the New Year underway, there’s no better time than now to review processes, technology, and any other administrative areas within your agency that may benefit from a fresh perspective. As your company thrives and grows in the year to come, you may find yourself entertaining the idea of having someone in to …

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2017 Tax Reform Update

There is a lot to digest with the new tax law. mAccounting Tax Manager Ann Vincent has identified some highlights:

The standard deduction is doubled from $6,350 for a single/ $12,700 if married to $12,000/$24,000.
Deductions for personal exemptions are repealed, but the child tax credit is increased from $1,000 to $2,000.
There is a new …

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Intern Spotlight; Ryan Moll

Name: Ryan Moll

Hometown: St. Louis, MO

College: Butler University

Majors: Finance & Marketing

Fun Fact: I went scuba diving at the Great Barrier Reef

 

My name is Ryan, I’m the marketing intern this fall.  As my internship comes to a close, I know I made a great decision to intern here!  I’d like to share with you …

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Tax Reform Update: A Snapshot of Key Proposals in the GOP Bill

On November 16, the House passed a new tax reform bill that moves the GOP closer to bringing the legislation to fruition. Now the Senate is preparing its own tax reform package. If passed, it must be reconciled with the House before any final legislation goes to the White House. Here is a …

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Year-End Nonprofit Checklist

Hard to believe the end of 2017 is upon us, but it is!  In the hustle and bustle of the season, don’t forget to button up the details needed for your accounting year end.  Below are a few things to put on your to do list.

End of Year Tax Checklist:   

W-9: Collect W-9s …

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FASB Issues New Guidance on Nonprofit Financial Reporting

Periodically, The Financial Accounting Standards Board (FASB) updates their standards to improve the reporting transparency of on organization.  Starting with calendar year 2018, reporting presentations will change for the improvement of:

Net asset classifications
Financial statement notes about liquidity, financial performance and cash flows.

The changes are significant, so please reach out to your auditor to …

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Establishing a Good Audit Relationship

Many nonprofits are required to have an annual audit, either because of state and federal laws or at the request of funders. Just the word “audit” can stress out the most organized nonprofit leaders. Yet, we suggest nonprofit managers embrace the benefits of working with an audit team, rather than stressing the event.  …

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Benefits of Outsourcing Payroll

Payroll is a vital process within a company, and is too often thought of as just another tedious and time-consuming task. Many organizations find that outsourcing payroll is an effective way of turning extra work on someone’s desk into a beneficial tool for the company.  In fact, Inc. magazine recently identified the #1 task …

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