Business Succession Planning Insights

Accounting & Assurance

Procurement procedures: Is your nonprofit really in compliance?

The relatively new federal procurement standards significantly alter the way not-for-profits receiving federal funding handle purchasing. And…

Tax Prep, Planning & Strategy

Can you deduct business travel when it’s combined with a vacation?

At this time of year, a summer vacation is on many people’s minds. If you travel for business, combining a business trip with a vacation to…

Accounting & Assurance

Certified Nonprofit Accounting Professional – CNAP

What is CNAP? Do you want to move up the ladder by building your financial skill set, are you new to your nonprofit financial position, or are…

Tax Prep, Planning & Strategy

Cost control takes a total team effort

“That’s just the cost of doing business.” You’ve probably heard this expression many times. It’s true that, to invoke another cliché,…

Tax Prep, Planning & Strategy

Knowing whether income is sponsorship or advertising

Many not-for-profits supplement their usual income-producing activities with sponsorships or advertising programs. Although you’re allowed…

Tax Prep, Planning & Strategy

IRS Audit Techniques Guides provide clues to what may come up if your business is audited

IRS examiners use Audit Techniques Guides (ATGs) to prepare for audits — and so can small business owners. Many ATGs target specific industries,…

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