Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
Form 990: More Than a Tax Filing Many boards treat Form 990 as a routine federal filing. In reality, it’s a public document that reflects...
Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
Why Revenue Recognition Feels Harder Than It Should Revenue feels simple—until timing and conditions enter the picture. Grants and donations rarely arrive without context. Some...
Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
Why Weak Internal Controls Develop in Nonprofits Internal control gaps usually grow from practical decisions, not negligence. Common contributing factors include: In small organizations, combining...
Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
Why Outdated Systems Stick Around Most nonprofits do not intentionally choose outdated accounting systems. They keep them because they feel reliable. The staff know where...
Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
What Is Form 1099-NEC Used For? Form 1099-NEC is used to report nonemployee compensation. The IRS reinstated this form in 2020 to separate contractor payments from...
Learn about Yellow Book Audits, when they’re required, and who needs them. If you need a Yellow Book Audit, contact our CPAs to ensure compliance.
What Is an Income Statement? An income statement, also called a profit and loss (P&L) statement, summarizes your business’s financial performance over a set period—monthly,...