8 Don’ts of Nonprofit Board Composition
Just like no two nonprofits operate exactly alike, no two nonprofit boards are the same.
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3 Things You Must Know to Qualify for Maryland’s Job Creation Tax Credit
If your business is creating new full-time jobs in Maryland, you may be entitled to state income tax credits. The Maryland Job Creation Tax Credit rewards businesses that create a minimum number of new full-time positions in Maryland before January 1,...
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3 Reasons to Choose Your 401(k) Plan Auditor Very Carefully
Whether your organization has had a 401(k) plan in place for years, or you are just putting one into place, you know all about the seemingly endless string of documentation and regulatory requirements that hang over your plan like a dark cloud.
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Quick Guide: Functional Expense Classifications for Nonprofits
Nonprofit organizations are constantly under scrutiny as to how they allocate their functional expenses in their statement of activities. Unlike for-profit entities, nonprofits must provide a statement of activities in the financial statements about...
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5 Types of People You Need On Your Nonprofit’s Board of Directors
One of the most misunderstood components of any nonprofit organization is the board of directors. Nonprofits typically base board member selection on two things: the candidate’s interest in the organization’s mission and the size of the candidate’s...
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Audited Financial Statements for Construction Companies: Are They Necessary?
Under current accounting rules, accountants are allowed to prepare compiled, reviewed and audited financial statements. Each service provides a different level of assurance, and as you move up the level of assurance, the cost to the business owner...
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