Smaller nonprofit boards generally communicate more effectively and are more cohesive. Larger boards tend to have broader expertise. So how big (or small) should your organization’s board be?
Traditional or Roth IRA? Here are the differences in these retirement savings accounts.
Is now a good time for your nonprofit to launch a capital campaign? For starters, you’ll need supportive stakeholders and strong leadership. Here are some other essentials for a successful campaign.
A careful approach to keeping business records can protect your tax deductions and help make an IRS audit much less difficult. Here are two cases to illustrate some of the issues involved.
Audited financial statements contain footnotes that disclose a wealth of useful information. Too often, however, no one bothers to read them.
The word “deepfake” is a combination of “deep learning” and “fake.” Deepfakes are falsified pictures, videos, or audio recordings. Sometimes the people in them are computer-generated, fake identities that look and sound like they could be real people.
Entrepreneurs be aware: Not all start-up expenses can be deducted on your federal tax return right away. Some may have to be amortized over time.
Small business owners: Can you name the key differences between prepared and compiled financial statements?
Most nonprofits prefer unrestricted gifts, but you probably don’t want to say “no” to donations that come with a few strings. Just make sure you handle restricted gifts with care. Here’s how.
April 18 isn’t only the income tax return deadline. It’s also the gift tax return deadline for people who made large gifts last year. Find out if you’re required to file a 2021 gift tax return this April. (Note: you may want to file one anyway).
Your company is unique, and we may not be able to answer your specific questions within a blog post. Contact us and let our experts find the solution that’s right for you.
Packer Thomas Certified Public Accountants & Business Consultants.
