How to report contingent liabilities in your company’s financial statements
Is a contingent loss remote, probable or reasonably possible? The answer determines whether to disclose it in the footnotes and accrue a liability on the balance sheet.
Giving season’s here! It’s time to engage donors
Is your nonprofit ready for giving season? More charitable givers donate in December than any other month. Here’s how to increase visibility and ensure tech glitches don’t undermine your fundraising efforts.
Many construction businesses need to step it up on cybersecurity
Construction business owners: Is your company safe from cyberattacks? The risk is ever-present, but there are ways to fortify your defenses.
You know your nonprofit is ethical. Put it in writing!
Even small nonprofits can benefit from having a formal code of ethics. This policy can complement your mission statement and act as a decision-making guide for staffers.
Eyes on the income statement
Turn your income statement from a historical snapshot of financial performance into a valuable management tool.
Working capital management is critical to business success
Business owners: If your company is struggling with liquidity, it may be headed for trouble. Let’s discuss the critical concept of working capital management.
Sharing space can mean sharing costs and more
Is your nonprofit getting squeezed by rising rents? You might think about sharing space with another charity or other organization. We look at several options that could help you save money.
Board independence is about more than avoiding conflicts of interest
Your nonprofit is allowed to appoint some nonindependent board members. But the majority should meet the IRS’s four-part definition of “independent.” Otherwise, your governance may be scrutinized.
Ease the financial pain of natural disasters with tax relief
It’s been an especially difficult year for victims of natural disasters, including those affected by Hurricane Milton and Hurricane Helene. Taking advantage of the casualty loss deduction can help ease the financial pain.
The evolution of financial reporting
Ever wonder why the accounting rules are so complicated and ever-changing? As the markets evolve and new challenges arise, the rules of the game may need to be revised.
How businesses can better retain their salespeople
Business owners: Are you tired of high turnover on your sales team? Here are some ways to fight back.
Alternate construction delivery methods: CMc in the spotlight
Construction business owners: Have you ever encountered a project using the Construction Manager as Constructor delivery method? Here’s what you should know.