The impact of robotics and the benefits of increased automation
Please note: CPE is not available for webinars on demand. It is only available for live events. Accounting and audit are key areas where Robotic Process Automation (“RPA”) is transforming the way businesses operate, because it is not limited to just performing simple calculations, but rather the automation of entire processes. As these technological advancements […]
Divide and conquer: How joint cost allocating works
In recent years watchdog groups, the media and others have increased their scrutiny of how much not-for-profits spend on programs vs. administration and fundraising. Your organization likely feels pressure to prove that it dedicates most of its resources to programming. However, accounting rules require that you record the full cost of any activity with a […]
Are You Prepared for the New Lease Accounting Changes?
NOTE: CPE is not available for recorded events. Are FASB’s new lease accounting rules causing your company’s financial statements to hang in the balance (sheet)? After 10 years in the making, the Financial Accounting Standards Board (FASB) issued comprehensive changes regarding the financial reporting of real estate and equipment leases. While the effective date of […]
Warning! 4 signs your nonprofit is in financial danger
Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: Budget bellwethers. Confirm that proposed budgets are in line with strategies already developed and approved. Once your board has signed off on […]
Are you prepared for your Calendar Year 2018 audit?
For Ohio governmental entities focused on their 2018 calendar year audit, here’s a list of updated reporting requirements as well as process changes to be aware of. Auditor of State (AOS) filing deadlines for unaudited December 31, 2018 financial statements through Hinkle System: Friday, March 1, 2019: Cash basis financial statements, including OCBOA 34 look-alike […]
Infographic: 7 Steps to Keep You Ahead of the Lease Accounting Curve
2019 Q1 Tax Calendar: Key deadlines for businesses and other employers
Here are some of the key tax-related deadlines affecting businesses and other employers during the first quarter of 2019. Keep in mind that this list isn’t all-inclusive, so there may be additional deadlines that apply to you. Contact us to ensure you’re meeting all applicable deadlines and to learn more about the filing requirements. January […]
Make your nonprofit’s accounting function more efficient
How efficient is your not-for-profit? Even tightly run organizations can use some improvement — particularly in the accounting area. Adopting the following six tips can help improve timeliness and accuracy. Set cutoff policies. Create policies for the monthly cutoff of invoicing and recording expenses — and adhere to them. For example, require all invoices to […]
Donate appreciated stock for twice the tax benefits
A tried-and-true year end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock instead of cash? 2 benefits from 1 gift Appreciated publicly traded […]
Consider all the tax consequences before making gifts to loved ones
Many people choose to pass assets to the next generation during life, whether to reduce the size of their taxable estate, to help out family members or simply to see their loved ones enjoy the gifts. If you’re considering lifetime gifts, be aware that which assets you give can produce substantially different tax consequences. Multiple […]