by Halie Conners | Apr 14, 2025 | Audit and Accounting, Tax Watch
For many companies and organizations, audits are an important part of mitigating risks, streamlining operations, and keeping business running smoothly. However, if your organization is preparing for a year-end audit, your team should be aware of some potential policy...
by Laura Hartley | Nov 20, 2023 | Tax Watch
Fraud can have troublesome effects on not-for-profit organizations (NFPs). For-profit businesses, generally speaking, exist for the primary purpose of making money. They may rely on the quality of their goods or services to protect their operations, even if they have...
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...
