Nonprofit

Below is a summary of key points covered by the Coronavirus Aid, Relief and Economic Security (CARES) Act On March 27, 2020, President Trump signed into law the Coronavirus Aid, Relief and Economic Security (CARES) Act. The Act contains several provisions affecting taxes. Below is a brief summary of these provisions. If you have questions…

Letter to clients regarding the Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020. ** CLICK HERE to read a SUMMARY of the key points in the CARES Act ** Dear Client: We hope that you are keeping yourself, your loved ones, and your community safe from COVID-19 (commonly…

It may be hard to believe, but the end of the year is upon us. During this time, many of us reflect on the year and tally up the good and the bad, the pros and the cons of the past 12 months. Click HERE to read more.

Those pesky passwords. The length, numbers, special characters, capital letters! According to a survey conducted by DataInsider, 70% of respondents reported having more than 10 password-protected accounts online, with nearly 30% having “too many to count”. When asked if they reuse passwords for different accounts, only 11% of consumers said they used the same password across…

Saving for your child’s college education can be a daunting task, given how quickly and how high education costs have climbed. Fortunately, a 529 plan is a flexible, tax-advantaged way to help accumulate the funds you need for higher education. Not only do 529 plans provide federal tax-free growth and tax-free withdrawals for qualified expenses,…

We have 100 financial calculators available on our website that can help you work on any financial project. From auto loans to mortgages to cash flow, get the information you need easily and quickly, 24/7. Click HERE to access.

By: Donna Bryant, C&R Administration and IT Manager Those pesky passwords. The length, numbers, special characters, capital letters! According to a survey conducted by DataInsider, 70% of respondents reported having more than 10 password-protected accounts online, with nearly 30% having “too many to count”. When asked if they reuse passwords for different accounts, only 11%…

Written by: Pete Kennedy, CPA, Director of Audit Services Unfortunately, the Tax Cuts and Jobs Act (TJCA) of 2017 wasn’t all tax cuts and jobs. There were some mean little nuggets included meant to help offset the cost of the tax breaks. Nearly a year since its passing, the IRS has finally issued (on December…

Written by: Pete Kennedy, CPA, Director of Audit Services For as long as I’ve been involved with nonprofit organizations, expense-based financial ratios (Program / G&A /Fundraising as a percentage of total expenditures) have been used as an efficiency measurement. I’m sure you’re familiar with them – and the many derivatives that appear online in the…

While the IRS, state tax agencies and numerous people in the tax and accounting industry are working together to warn tax professionals and their clients about phishing scams, they are still all too common. Here’s what you need to know about the two most recent scams: fake charities that take advantage of people’s generosity during…