Are you keeping paper files of every contribution received and transaction your nonprofit performs? If so, you are probably devoting a large amount of storage space and time filing all this paperwork which adds up to extra expense. Managing a … Continue reading
3 Common Mistakes Small Businesses Make: Mistake #2
The first mistake, not saving receipts for purchases, can really trip up a business when it comes to tax time and deductions. The second mistake can creep up on a business owner without them realizing the problems they are causing. … Continue reading
990 Forms
With all the many 990 forms the IRS produces, it’s important that your nonprofit chooses the correct one. Here is a brief overview of each form. Form 990 Filed by organizations that have gross receipts greater than or equal to … Continue reading
3 Common Mistakes Small Businesses Make: Mistake #1
Managing your finances is an integral part of your business. Continue reading
New IRS Guidance for Nonprofits About Tax Treatment of Cell Phones Available
New Internal Revenue Service (IRS) guidance describes how employers can handle the cost of cell phones they provide to employees. The guidance, found in IRS Notice 2011-72 and the Sept. 14 memorandum to field examiners, “Interim Guidance on Reimbursement of … Continue reading
Posted in Business Bookkeeping / Accounting, IRS, Non-Profit Accounting, Outsourced Bookkeeping Services, Taxes
Tagged Cell Phones, Guidance, Internal Revenue Service, nonprofit, reimbursement, tax-free
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Time to Start Thinking About Taxes Again
You may have already filed your taxes for this year and consider it all a distant memory. But don’t close the books on your taxes yet. Now is a perfect time to do some small business accounting and tax planning … Continue reading
Posted in Business Bookkeeping / Accounting, IRS, Income Tax, Outsourced Bookkeeping Services, Taxes
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QuickBooks Nonprofit for Churches
When your church first got started, accounting may have been a fairly simple task that could be tracked in spreadsheets. However, as membership grows, so does your need for a more advanced accounting system. QuickBooks offers a nonprofit accounting software … Continue reading
Posted in Non-Profit Accounting, Not-For-Profit Organizations
Tagged accounting software, churches, QuickBooks Accountant, Quickbooks ProAdvisor Program
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Seeking Nonprofit Accountant Looking For Better Balance!
We are currently hiring for a nonprofit accountant who is seeking a better work-life balance. Do you work longer hours than you’d like? Do you want more time with to honor personal commitments, such as family and friends? Do you … Continue reading
Financial Services Your Small Business Needs
Without proper financial record-keeping and reporting, it is difficult to tell exactly how successful your small business is. It’s also hard to tell where your business needs to improve. There are key accounting and bookkeeping services that a small business … Continue reading
Posted in Business Bookkeeping / Accounting, Business Finances, Cash Management, Collections, Outsourced Bookkeeping Services, Small Business, payroll
Tagged financial statements
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Nonprofit Accounting Issues
Even if the bookkeeper for your nonprofit is very familiar with for-profit accounting procedures, it may not be enough in the nonprofit world. There are many accounting issues specific to nonprofits that each organization must deal with. The most common … Continue reading
Posted in Outsourced Bookkeeping Services
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