Effective cash flow management is one of the most critical, and often underappreciated, disciplines for nonprofit organizations. Unlike for-profit entities, nonprofits face unique structural challenges. Read the full article to learn more.
Nonprofit board members are legally responsible for the oversight of their organization's finances. Therefore, it is imperative questions are asked about the financial statements. Learn more.
Nonprofit boards carry a profound fiduciary responsibility, not just to donors and grantors, but to the communities and missions they serve. Learn more about the key financial metrics that should be tracked and monitored.
Building an effective audit or finance committee is an important governance tool for not-for-profit organizations. Learn more about the key elements of an effective audit or finance committee.
Click here for important information about North Carolina’s annual report filing requirements and upcoming changes to GBM’s services related to these filings. Effective immediately, North Carolina annual reports will no longer be included in GBM’s tax preparation services.
Senate Bills 257 and 595 have passed and include tax changes that may affect individuals, businesses, and general tax compliance.. Read more to find out the potential impacts.
Education costs are among the largest expenses that families face. Whether for college or private K–12 schooling, a 529 plan offers unique tax advantages that can help ease the financial burden. Learn more about 529 plan benefits.
Health Savings Accounts (HSAs) allow individuals to reduce their tax liability while saving for medical expenses. To make the most of these accounts, it is important to understand the eligibility requirements, contribution rules, and tax implications. Learn more.
The Child and Dependent Care Tax Credit is a tax credit that helps offset the cost of caring for children or other dependents so the parent or caretaker can work or look for work. Learn more.
A child who is claimed as a dependent on a tax return may be required to file their own federal income tax return if their income exceeds certain limits. Learn more by reading the full article.
