by DMJPS PLLC | Jul 1, 2024 | Announcements, Business Consulting, Healthcare, Hospitality & Restaurants, Manufacturing & Distribution, NonProfit, Professional Services, Real Estate & Construction, Strategic Financial & Outsourced Accounting
We want to inform you of an important update about QuickBooks Desktop software. Intuit, the parent company, has announced a stop sell on all QuickBooks Desktop products, including Pro, Premier, Mac, and Enhanced Payroll. This notice does not affect QuickBooks...
by Isaac Rowles | Mar 13, 2024 | Audit and Accounting, NonProfit, Tax Watch
There is a new accounting standard effective during 2023 which will change how companies account for future losses on financial instruments. If this sounds abstract, then you are not alone. The standard was initially developed to change the way that banks account for...
by Dorinda Bennett | Jul 24, 2023 | NonProfit, Tax Watch
Grants are an important part of nearly every nonprofit organization’s funding structure and budget. Whether the nonprofit is new and receiving its first grants for start-up activities, or large and well-established with hundreds of multiyear grants from federal...
by Isaac Rowles | Jun 1, 2023 | Audit and Accounting, NonProfit, Tax Watch
Audits can be very stressful. Organizations must get audits right to ensure compliance with a variety of local laws and regulations. They must show that financial information is represented fairly and accurately, and in accordance with all relevant accounting...
by Isaac Rowles | May 19, 2023 | Audit and Accounting, NonProfit, Tax Watch
A set of accounting standards for leases is now mandatory for most business entities in the U.S., including not-for-profit organizations (NFPs). These standards, known as ASC 842, began to take effect in late 2018 for publicly-traded companies. They became effective...
by Dorinda Bennett | Jan 9, 2023 | Audit and Accounting, NonProfit, Tax Watch
Government funding brings some rather complicated reporting and auditing requirements. This can apply to both for-profit businesses and not-for-profit organizations (NFPs) that receive federal funding. NFPs should be aware of their auditing obligations under...
