It May Be Time to Tune Up Your Nonprofit Accounting Function
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 […]
Category: Articles
How To Reduce Accounts Receivable Fraud Risk
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
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 […]
New Revenue Idea? Watch Out for the Commerciality Doctrine
If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution is a side business, be […]
Making an Estate Plan? How to Avoid Fraud & Fraudulent Transfers
If you have an estate plan and also have creditors, you could be a fraud perpetrator — without knowing it or intending to defraud anyone. In some circumstances, creditors can […]
IRS Still Experiencing Delays
The IRS has millions of individual 2019 tax returns in the processing pipeline. They recently made some changes on their website, regarding the processing of these IRS delays. For refunds […]
The Cents-Per-Mile Rate for Business Miles Decreases Again for 2021
This year, the optional standard mileage rate used to calculate the deductible costs of operating an automobile for business decreased by one-and-one-half cents, to 56 cents per mile. As a […]
Will Permanent Work From Home Work for Your Nonprofit?
It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely. For many nonprofits and employees, remote work has been a positive experience. And as […]
Put Employees to Work Fighting Fraud
You may have the best internal controls in the business world, but if your employees don’t follow them, your company is at serious risk for fraud. The same is true […]
The New Form 1099-NEC and the Revised 1099-MISC Are Due to Recipients Soon
There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After […]
2021 Part B Fee Schedules & Industry Updates
Long-Term Care Industry Updates With the New Year upon us, HW&Co. would like to wish you a happy, healthy and prosperous New Year. As always, the New Year brings many […]
Don’t Make Decisions Without Nonprofit Data Analytics
Most not-for-profit organizations collect vast volumes of data. But according to a study conducted by EveryAction and Nonprofit Hub, only 40% of nonprofits regularly use that data to drive decisions. […]
