Why is an Audit Committee an Important Function for your Organization
The audit committee provides oversight to help maintain the organization’s integrity, financial credibility, and ensure independence through the audit process. Learn more.
NC Sales Tax Refunds
North Carolina nonprofits may apply for semiannual refunds of sales and use tax paid by qualified organizations on direct purchases of tangible personal property, digital property, and services for use in carrying out their mission. Learn more.
Fundraising: Accounting for Special Events
Not-For-Profit Organizations have a number of options when it comes to generating revenue. Making sure the organization is properly accounting for special event fundraising revenues and expenses is an important step in planning your next event! Learn more.
Financial Statement Overview: The Different Statements and Their Uses
Financial statements provide a clear picture of a not-for-profit organization’s financial health. Read more to find out what's included in a complete set of financial statements for a not-for-profit organization.
Increasing Value Through the Use of AI
Artificial Intelligence (AI) is transforming organizations by allowing them to streamline operations and enhance decision making. Read more about how to incorporate AI into your organization.
Nonprofit Deadlines to Remember
There are important nonprofit deadlines to remember for organizations with a year-end of December 31, 2024. Read more for a complete list of due dates.
Reminders – What Items to Review Each Year
Nonprofit organizations have several moving pieces that could change from year to year. There are details which should be revisited on an annual basis to ensure accuracy and completeness. Learn more about items to assess each year to help your nonprofit organization run smoothly.
990 Overview – Different Parts of a 990
A question we often hear from our clients is “Why are you asking me so many questions?” The short answer is that the Form 990 is a complex tax return. In fact, the 990 requires more information than many for-profit tax returns. Learn more.
Guide to Preparing for an Audit
There are several things organizations can do to ensure their non-profit is audit ready. Organizations should have tight internal controls, organized financial processes, and timely month-end closing and review of financial statements. Read the full article to learn more.
Internal Controls: Protecting Financial Assets in Small Nonprofit Organizations
Nonprofit organizations must emphasize financial transparency and responsibility to maintain trust among stakeholders, donors, and the general public, thereby advancing their mission to positively influence the community. Learn more by reading the full article.