Most people know that CPAs are known for helping people prepare and file taxes. Small business owners who work with CPA firms probably also know that CPAs are in a great position to help with bookkeeping and accounting as well. If you’re new to business (or have...
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Unrelated Business Income 101 (And How To Use It To Help Your Nonprofit)
Unrelated business income can be a real problem for a nonprofit if you’re not careful. Nonprofit organizations benefit greatly from their tax-exempt status with the IRS. But that can be threatened if the income you generate starts to make you look more like a...
How Good Bookkeeping and Tax Services Can Make A Big Difference
Bookkeeping and tax services seem to be everywhere, but are they worth it? There was a time not too many years ago that in order to get someone to do bookkeeping or taxes for your company you either had to hire someone full-time on your staff or contract with someone...
How Much Profit Can A Nonprofit Make? (Or When Tax-Exempt Really Isn’t)
A question we often get about nonprofits is: “Do nonprofits ever have to pay taxes on what they bring in?” It can be a confusing topic that affects many of our clients who, understandably, want to stay on the right side of the IRS and their state governments. So in...
How To Make Filing Taxes for a Nonprofit Easy (Everything You Need to Know)
Filing taxes for a nonprofit is probably not on anyone’s “bucket list.” When you’re busy running a charitable organization that is serving a need in your community, the last thing you’re looking forward to is tax time. We get it! Tax returns can be stressful enough on...
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Entry-Level Accounting Positions: How To Start Your Career On The Right Foot
Attention, job seekers! Are you interested in the best way to secure entry-level accounting positions? Then this post is for you. We’ll explore what hiring managers are looking for, what a good starting salary would be, what kind of experience you need (or don’t...
Operating Lease vs Finance Lease: How New Rules Will Affect Your Small Business
In an earlier post on new lease accounting standards and how they can impact your business, we discussed a couple of different types of leases. Because most business owners are involved with renting some type of property or equipment regularly, we thought it might be...
9 Types of Accounting Jobs To Consider If You’re Looking For An Interesting Career
If you’re wondering what types of accounting jobs are available to college grads and job seekers with accounting degrees, you’ve come to the right place. We’re a CPA firm that’s been around a while (40 years and counting), so we’ve seen a thing or two. One thing we...
How Farm Bookkeeping Can Sow Seeds of Success In Your Ag Business
Farm bookkeeping isn’t exactly like bookkeeping for ordinary businesses. In the “non-ag” world, tracking transactions is fairly straightforward. But on the farm, things move at a different pace. The physical aspects of running a successful farm are tough enough....
New Lease Accounting Standards (And How They Can Impact Your Business)
Many businesses are involved with some type of leasing or rent-to-own transactions. Some lease property while others lease equipment to run their operations. Others are the ones leasing those things out to others as a source of revenue. New lease accounting...