Preparing for an Audit: A Guide for Not-for-Profit Organizations
Proper audit preparation can help reduce stress, keep the audit on schedule, and ensure a smooth process. Read more to learn how your organization should prepare for an audit.
Essential Written Policies for Nonprofits: Protecting and Guiding Staff and Board Members
Nonprofit policies are not just documents—they are tools that help staff and board members do their work with confidence, stay within the law, and avoid confusion or mistakes. Learn more.
Exclusion for Gain on Sale of Primary Residence
In order to exclude the gain on the sale of your primary residence from your taxable income, you must pass two tests: ownership and use. Read the full article to learn more.
Storing Your Tax Records
Once you’ve filed your income tax return, you may be tempted to clean house and get rid of some of your old records that are taking up space. Read this article to help you decide which items can go and which should stay in your files.
Record Retention Guidelines
A nonprofit record retention policy helps organizations manage documents efficiently while ensuring compliance with legal and regulatory requirements. Learn more by reading the full article.
Comparing your Financial Statements & Form 990
Financial statements and the Form 990 are both important documents providing insights into an organization's finances, but they serve different purposes and adhere to different reporting standards. Learn more.
Nonprofit Deadlines to Remember
There are some important due dates that may be applicable to nonprofit organizations with a year-end of June 30, 2025. Learn more by reading the full article.
In-Kind Donation Overview
Nonprofit organizations frequently receive in-kind donations. Receiving in-kind donations raises an important financial question: How should nonprofits record these contributions in accordance with GAAP? Find out more.
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.
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.