Not-For-Profits: Don’t Let Your Financials Change with the Board

Establishing a good financial system is one of the most important things you can do as a non-profit. Wise financial decisions can only be made by having an accurate, clear reporting of where your money is coming from and going to. Having a well organized bookkeeping and accounting system is essential as the tax advantages given to non-profits come with a strict duty to manage funds properly.

New Years Bookkeeping Resolution # 10: Get Help!

All businesses, whether small or large, require bookkeeping. If you have a small business, you need an accurate, organized and chronological system that readily provides reliable information when needed. However, as a small business owner you may not have the background, know-how or time to operate such a system. Instead of letting your finances get [...]

Ten Ways to Avoid an Audit

We wanted to pass along these valuable tax tips from the website of Indianapolis-based Lawrie CPA Group: 10 Ways to Avoid an Audit This week we thought we’d share some great advice from our friend Dan Lacy (www.DynastyBuilder.com). This is the second of a 2 part series on ways you can avoid an audit. Here [...]

New Years Bookkeeping Resolution # 9: Cut Your Losses

ContentsResolution #9: I will fire my bad clients.Most of us spend a great deal of energy and time to acquire new clients as that’s what makes our businesses grow. However, some clients are so bad that your businesses (and your sanity) are better off without them. I’m sure you know the type: constant complainers, slow [...]