Accounting matters: Keep the heart of your nonprofit beating

Your accounting department is the heart of your nonprofit. Although departments such as programming or fundraising may seem to have more obvious relationships with your nonprofit’s mission, your accounting function ensures that the whole organization runs well — and remains healthy over the long term. Indeed, accounting inefficiencies and chronic processing delays can make everyone’s job […]

Think about licenses before working out of state

Construction markets can turn on a dime. One new manufacturing plant or infrastructure project can transform a sluggish region into a booming economy. Problem is, these hot markets often ignite across state lines. In such cases, you may rush to commit valuable time and resources to preparing a bid. Among the many small details that […]

Making sure your board reflects your constituency

When nonprofits first form, they usually welcome as board members anyone who has the time and interest. But as organizations grow in size, revenue and complexity, the makeup of their boards generally must change. For example, they may want members with legal or financial expertise or to include major donors and business leaders. One critical […]

Using your financial statements to recalibrate your estimates

Offering a fair price for quality workmanship lies at the heart of every contractor’s long-term success. Finding this critical balance begins with the estimating process. Over time, however, even the most sound approach to estimating can slip a little bit and require recalibration. The good news is that the tools for the job lie right […]

Using planned gifts to help secure your nonprofit’s future

Planned (also known as deferred) gifts come as close to a sure thing as your nonprofit will ever likely encounter. They’re often more substantial than other types of donations and, because they specify an amount and date (or event, such as the death of the donor), they can help you secure your organization’s future with […]

WW&D welcomes two new staff

Wheeler Wolfenden and Dwares, CPAs is pleased to welcome Leslie R. Dorsey, CPA and Manuel Rodriguez to its professional staff. Leslie R. Dorsey, CPA has joined WW&D’s tax practice as a manager. Leslie has more than 13 years of corporate tax experience in the agriculture, business services, chemical manufacturing and retail sectors. She earned a […]

PATH Act bonuses for smaller construction companies

If yours is a smaller construction company, you may think you’re even further behind the eight ball when it comes to claiming the research tax credit. After all, large businesses can presumably allocate staff and resources to innovation more readily. But smaller construction businesses should still give it a try — and the Protecting Americans […]

How contractors may claim the research tax credit

The research credit (often called the “research and development” or “R&D” credit) incentivizes businesses to step up their investments in research. Although calculating the break isn’t exactly easy, the end result can be well worth the effort. Generalities and specifics To be eligible for the research credit, an innovation-seeking business activity generally must: Relate to […]

Microdonations matter now more than ever

At 80 million strong, Millennials now make up the largest chunk of the U.S. population. But because they’re often still in school or just beginning careers, they generally don’t have the financial resources to make large charitable gifts. Another fact about Millennials: They use their mobile devices to do everything. What logically follows is that […]

Data analytics provides solutions to many nonprofit challenges

If your nonprofit wants to improve budgeting, forecasting, fundraising or other functions but is having a hard time identifying both problems and solutions, data analytics can help. This form of business intelligence is already considered invaluable in the for-profit world. But it can be just as useful to nonprofits. Goal: informed decision making Data analytics […]