Insights & Updates
Latest News and Expert Insights
250 Years Strong: Independence Day Office Closure
Our office will be closed on Friday, July 3, and Monday, July 6 in observance of Independence Day. We will resume normal business hours on Tuesday, July 7. Any messages or requests submitted during that time will be reviewed once
Proven Ways to Prepare for an IRS Audit
An IRS audit can be unsettling for any nonprofit, but understanding the process and responding promptly will reduce disruption. First, confirm the notice. The IRS notifies organizations by letter or by phone followed by a letter; it does not initiate
Why Building a Strong Credit History Is So Important
Most lenders consider a FICO credit score of 740 to 799 to be “very good” and 800 or higher to be “exceptional.” If you want to qualify for a mortgage with the lowest interest rate, aim for a score in
Simple Steps to Improve Succession Planning Results
Creating a succession plan now can help align family interests, manage family member expectations, reduce or eliminate estate and inheritance taxes, and ensure a successful transition to the next generation. Follow these five steps to a successful succession plan: Establish
Make Your Budget Work Harder for You
Boards and finance committees that treat the budget as a living document — rather than an annual ritual — tend to make better decisions under pressure. The focus should be not only on last year’s numbers but also on the
Streamline Seasonal Hiring with Better Tax Practices
As an employer, you normally have to file a quarterly Form 941 to report your employees’ wages and withholding. Each quarter, if you pay wages subject to income tax withholding (including withholding on sick pay and supplemental unemployment benefits) or