Nonprofit Archives - Page 3 of 18 - HW&Co. CPAs and Advisors

Don’t Be Surprised by a Sudden Influx of Support

By: Helen Weeber

When a Category 5 hurricane hit a coastal community, its most well-known health and human services charity was ready to respond with rescue plans, supplies, emergency shelters, and well-trained personnel. What […]

Charity Scams: A Small Business Perspective

By: Tony LaNasa

Many businesses help their communities by donating to local charities. Although many nonprofits merit your support, some exist expressly to facilitate fraud. How do you avoid the latter? Before you […]

Nonprofits: Take Another Look at Inflation Reduction Act Tax Breaks

By: Helen Weeber

When the Inflation Reduction Act (IRA) became law in late 2022, you might have assumed that the tax breaks it contained wouldn’t affect your tax-exempt organization. That’s not the case. […]

Making a Nonprofit Mission Drift Official

By: Helen Weeber

Mission drift is common in non-profit organizations, especially those that have been operating for a long time. Your local community has most likely evolved, the needs surrounding your mission may […]

Plan Now to Reimburse Staffers, Board Members and Volunteers

By: Helen Weeber

Even if your nonprofit rarely has to reimburse employees, board members, or volunteers, reimbursement requests will likely arise at some point. Do you know how to reimburse stakeholders for expenses […]

Arm Your Nonprofit Against Financial Threats

By: Helen Weeber

Whether it’s inflation, trouble finding staffers in a tight labor market or cybersecurity, nonprofit leaders have a lot to worry about. If making financial forecasts is more difficult than usual, […]

Internal Hiring Can Help Fill Your Nonprofit’s Open Job Positions

By: Helen Weeber

In January 2024, the US economy created 353,000 new jobs. For the past two years, the unemployment rate has been below 4%, now at 3.7%. Although this is generally good […]

Encouraging Charitable Donors to Include You in Their Estate Plans

By: Helen Weeber

Even if current donations are your nonprofit’s bread and butter, you can’t afford to ignore planned, legacy, or deferred gifts. In Giving USA’s The Annual Report on Philanthropy donations from […]

3 Tips for Making the Financial Statement Audit Process Smoother

By: Helen Weeber

Nonprofits are not required to provide audited financial statements. However, audited statements are more likely to reassure large donors and grant makers about your financial stability, and they are typically required […]

Why Uncertainty Calls for a More Flexible Budget

By: Helen Weeber

Economic, social and political events in 2024 have the potential to negatively influence your not-for-profit’s budget. So if you generally prepare static budgets well in advance of each fiscal year, […]

When Are Sponsorship and Advertising Payments Subject to Tax?

By: Helen Weeber

Sponsorship and advertising dollars can significantly increase the income of your nonprofit. However, if sponsors or advertisers are provided a “substantial benefit”, or if providing perks is not a related business activity, you […]

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