How to Recover From Nonprofit Fraud By: Anthony LaNasa Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses go beyond actual dollar amounts. The hit to a group’s […]
Fraud Still Matters When Making Business Acquisitions By: Anthony LaNasa The COVID-19 pandemic has often made the due diligence process for business acquisitions more complex and time-consuming. But if you’re buying a company, it’s critical to dedicate your full attention […]
Running a Business From Home? Get Home Office Tax Deductions By: George Timoteo CPA During the COVID-19 pandemic, many people are working from home. If you’re self-employed and run your business from your home or perform certain functions there, you might be able to […]
How Well Does Your Nonprofit’s Dev & Accounting Depts Communicate? By: Helen Weeber Your accounting and development departments are central to the continued financial health of your nonprofit or not-for-profit. So what happens when these two functions don’t communicate? It could result in […]
Factor in Fraud When Selling Customer Invoices By: Anthony LaNasa If your business struggles to generate steady cash flow from operations, factoring is a possible solution. With factoring, a business sells the right to collect on customer invoices to a […]
Ohio Urging Victims of Unemployment Fraud to Act Now The Ohio Department of Taxation (ODT) released a statement warning Ohio residents, who may have been the victims of unemployment fraud because of identity theft, to report it or they […]
What Are the Tax Implications of Buying or Selling a Business? Merger and acquisition activity in many industries slowed during 2020 due to COVID-19. But analysts expect it to improve in 2021 as the country comes out of the pandemic. If […]
Fraud Lurks: In Your Cancelled Checks By: Stanley Olejarski CPA CGMA Do you need to worry about check fraud? Take a look at one of your Company cancelled checks. You will see your: Name and address Company logo Check number Bank […]
Accounting Alternative for Goodwill Impairment Triggering Events By: John Krizansky CPA Under current generally accepted accounting principles (GAAP), goodwill must be tested for impairment when a triggering event occurs. Companies and organizations are required to monitor and evaluate goodwill impairment triggering […]
It May Be Time to Tune Up Your Nonprofit Accounting Function By: Helen Weeber Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way they’ve always been done. But it generally pays to regularly […]
How To Reduce Accounts Receivable Fraud Risk By: Anthony LaNasa One of the most common routes for occupational fraud perpetrators runs through the accounts receivable department. Unless you’re aware of these accounts receivable fraud schemes and take steps to prevent […]
Many Tax Amounts Affecting Businesses Have Increased for 2021 By: David M. Reape A number of tax-related limits that affect businesses are annually indexed for inflation, and many have increased for 2021. Some stayed the same due to low inflation. And the deduction […]