03.09.20

Financial Reporting: How Not-For-Profit Accounting Differs From its For-Profit Counterpart

Many effective not-for-profit board members come from the for-profit world. They bring talent and organizational savvy that may help elevate your organization’s overall performance. However, when it comes to understanding financial reporting in this new arena, these for-profit pros often need some training to help them understand how to read your not-for-profit’s financial statements. You […]

03.03.20

Should Your 401(k) Vest Now or Later?
Stephanie Zaleski-Braatz

According to survey data from the Plan Sponsor Council of America (PSCA), roughly 40% of 401(k) plan sponsors provide immediate vesting on their matching contributions. In theory, employers that offer immediate vesting on matching 401(k) contributions might have a leg up on other companies when recruiting workers in a tight labor market. However, the jury […]

02.27.20

Independent Contractor vs. Employee: Understanding Worker Designation
Seamus M. Donoghue

Beware: Worker classification is an IRS hot button Treating a worker as an independent contractor (IC) rather than an employee can provide a business with important advantages. Whether a worker is classified as an IC or an employee depends on several factors targeting the level of control you exert over the worker. Per the IRS, […]

02.26.20

How Should You Approach Collaborative Arrangements?
Charles J. Burke

The simplest relationship between not-for-profit organizations for accounting purposes may be a collaborative arrangement. These are typically contractual agreements in which two or more organizations are active participants in a joint operating activity. Both entities are vulnerable to risks and rewards that hinge on the activity’s commercial success. Costs incurred and revenues generated from transactions […]

02.25.20

Six Ways to Improve Accounts Receivable
Chris Arndt

Improve your cash flow by improving your accounts receivable process When you are trying to improve cash flow or working capital, a great place to begin is by improving your accounts receivable (AR) cycle. Does this sound familiar? You have a sales team driven to get the job done, but customers never seem to pay […]

02.18.20

Get Smart: Law Firms are Getting Ahead by Harnessing Relationship Intelligence
Joy A. Long

Bringing in new business is the lifeblood of every law firm, but few attorneys enjoy the sales process. Firms that are harnessing relationship intelligence systems, however, have made the process easier and have given themselves a leg up on their competition. This blog focuses on some ways law firms are using relationship intelligence to create […]

02.12.20

Capital Gains Planning: When Timing is Everything
Adam M. Levine

The timing of capital gains and losses may have a significant impact on your tax bill. So it pays to consider the tax implications before you sell investments, particularly as the end of the year approaches. The Long and short of it Generally, the longer you hold an appreciated investment, the better. It allows you […]

02.07.20

Why Business Owners Need to Know How to Forecast
Chris Arndt

Forecasting: Surprisingly overlooked; hugely strategic This may come as a surprise. Our target market companies are making anywhere up to $25+ million in revenue per year and a lot of them still do not forecast.  It is one of the reasons we can offer something unique to our clients. We see their financials as part […]

02.06.20

Ten Cybersecurity Best Practices For Not-For-Profit Organizations
Siobhan Climer

For-profit businesses are not the only organizations that can find themselves in need of a loan. Not-for-profit organizations often face cash flow issues due to budgetary restraints that call for relatively quick cash. If your organization faces similar situations, consider the decision to borrow carefully.

02.04.20

Required Minimum Distributions and “Lost” Participants

Losing contact with former participants who have vested benefits remaining in your plan can be problematic for both the former participants and the plan sponsor.