Blog


New Year, New Habits with Technology Tools

We’re in the second month of the New Year and many of us have already given up on our resolutions. I challenge anyone that deals with bookkeeping tasks such as bill payment and bank and credit card reconciliations to consider the efficiencies associated with technology.

Intuit has been enhancing the QuickBooks Online product as …

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3 Steps to Improving Cash Flow Problems

A smooth cash flow is crucial to any business’s finances, but if you have too much cash going out and not enough coming in, it can be hard to fix. What’s the problem? Not enough revenue? Your operating costs are too high? Those are the obvious first places to look, but if your …

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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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Nonprofit Grant Accounting 101

Don’t take grants for granted. If your nonprofit is like most, grant funding provides you the means to launch major new initiatives and scale your impact. And if you’ve …

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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Deductions for personal exemptions are repealed, but the child tax credit is increased from $1,000 to $2,000.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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