November 2018

3 ways to improve development and accounting collaboration

Communication breakdowns between a not-for-profit’s development and accounting departments can lead to confusion, embarrassment and even financial problems.

Devote some time to internal leadership development

Many factors go into the success of a company.

When holiday gifts and parties are deductible or taxable

The holiday season is a great time for businesses to show their appreciation for employees and customers by giving them gifts or hosting holiday parties.

Steering clear of abusive tax shelters

As the year comes to a close, many businesses look for ways to save on taxes.

Estimates vs. actuals: Was your 2018 budget reasonable?

As the year winds down, business owners can be thankful for the gift of perspective (among other things, we hope).

Don’t let the “commerciality doctrine” trip up your nonprofit

The commerciality doctrine was created along with the operational test to address concerns over not-for-profits competing at an unfair tax advantage with for-profit bu

4 steps to auditing AP

At most companies, the accounts payable (AP) department handles an enormous volume of transactions.

Tax reform expands availability of cash accounting

Under the Tax Cuts and Jobs Act (TCJA), many more businesses are now eligible to use the cash method of accounting for federal tax purposes.

How nonprofits can prevent fraud during the busy holiday season

Charities typically receive most of their donations during the holidays and at year end.

Why revenue matters in an audit

For many companies, revenue is one of the largest financial statement accounts. It’s also highly susceptible to financial misstatement.

5 delegation best practices for nonprofit leaders

Done well, delegation allows not-for-profit executives to focus on their most important tasks, helps to build bench strength and gets staffers out of the office before midnight.

Is your business prepared for a fraud disaster?

Your company probably has a contingency plan for such potential calamities as fires and natural disasters. But what about a fraud contingency plan?

A fresh look at percentage of completion accounting

How do you report revenue and expenses from long-term contracts?

How fiscal sponsorships work for established — and fledgling — charities

A fiscal sponsorship occurs when an established charity provides a kind of legal and financial umbrella to a charitable project that lacks 501(c)(3) status.

How is money laundered?

Learn some of the basic ways fraudsters can clean money they've obtained through illegal means. Take a look in the latest animated shareable video from the ACFE.

Taking the hybrid approach to cloud computing

For several years now, cloud computing has been touted as the perfect way for companies large and small to meet their software and data storage needs.

Why do people commit fraud?

Explore how pressure, opportunity and rationalization — called the Fraud Triangle — can come together to influence an individual to commit fraud. Take a look in the la

Time for NQDC plan deferral elections

If you’re an executive or another key employee, your employer may offer you a nonqualified deferred compensation (NQDC) plan.

Buy business assets before year end to reduce your 2018 tax liability

The Tax Cuts and Jobs Act (TCJA) has enhanced two depreciation-related breaks that are popular year-end tax planning tools for businesses.

Spotting and preventing cash register theft

Many retail businesses implement careful controls over the use of their cash registers.

LIFO lessons learned

You have choices when it comes to reporting inventory costs.

2018 Year-End Tax Planning Moves for Businesses and Business Owners

We have compiled a checklist of actions based on current tax rules that may help you save tax dollars if you act before year-end.

2018 Year-End Tax Planning Moves for Individuals