How Can Construction Companies Manage Cybersecurity Risks?
Construction contractors can spend their entire career bidding work, managing projects and handling cash flow issues, while on the way to a banner year. Then [...]
Revenue Recognition Guidance for Not-for-Profits
Not-for-profits are finally able to make sense of the confusion over the Financial Accounting Standards Board’s (FASB) new revenue recognition, Topic 606, thanks to a new standard issued June 21.
The Budgeting Process is Critical for Clubs
In the recent past, clubs were forced to cut spending back due to a decline in membership and in spending by the members that remained. However, while membership desires may have been postponed they were not eliminated. The members want a new swimming pool, the grill needs some new furniture, the golf course needs a new irrigation system, the tennis courts need to be resurfaced and by the way, the club down the street is making these improvements.
Benefits of Participant Directed Retirement Plans
Question: Do I have to allow my employees the option to choose their own 401(k) investments? I worry they won’t know how to make good investment choices.
How Crowdfunding Can Help Nonprofits Generate Funding
Were you recently invited to donate to a friend’s Gofundme account, or have you participated in a colleague’s Kickstarter campaign? If so, you are not alone. Crowdfunding, the process of raising small contributions from a large number of people for a specific project facilitated through websites, has exploded over the years.
Five Tips to Help You Get Ready for Your Year-end Audit
Is your organization ready for its year-end audit? Here are a few tips from an auditor than can help you prepare for a smooth and efficient audit.
How Small- to Medium-sized Nonprofits Can Get the Help They Need to Manage Their Investments
Nonprofit organizations have a fiduciary role in managing investments that are the result of donor gifts. For those with endowment funds, there are laws and regulations outlining fiduciary responsibilities with respect to those funds and how the funds are invested and allocated for expenditure. Large nonprofit organizations with significant investments have the resources to engage large institutional investment managers to assist in managing their investment portfolios.
Boost Your Not-for-Profit’s Revenue While You Build Upon Your Future
Many people have heard the saying “location is everything.” While it may be debatable that location is everything, location is very important in the Commonwealth [...]
The Importance of a Nonprofit Audit Committee
Transparency and accuracy of a nonprofit’s financial statements has become even more vital over the years. Having an audit committee should be essential part of [...]
Donor-Advised Fund: A Vehicle for Individual Giving
According to the 2017 Donor-Advised Fund Report created by the National Philanthropic Trust (NPT), individual giving accounted for $281.86 billion, or 72%, of all charitable [...]