Nonprofit | Cg Tax, Audit & Advisory

29 Oct

Nonprofits: Internal Audits Still Matter

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October 28, 2020

Fraud doesn’t simply take a vacation during crises, such as the COVID-19 pandemic. If your nonprofit’s internal controls aren’t effective, scammers can find ways to exploit them and steal from your organization — even...

23 Oct

Nonprofit

Why Your Nonprofit Must Make Time for Accountability

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October 22, 2020

“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your nonprofit had the time and budget. But not only is accountability essential to your nonprofit’s...

16 Oct

Nonprofit

Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety

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October 14, 2020

It would be an understatement to say 2020 has been challenging. Leaders of nonprofits still standing are justified in worrying about strained budgets and their ability to deliver on their organization’s promises during a...

09 Oct

Nonprofit

Your Nonprofit May Have a License to Print Money

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October 7, 2020

In this pandemic year, many nonprofits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might want to consider licensing...

25 Sep

Nonprofit

Collective Impact Initiatives: All for One and One for All

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September 23, 2020

Collective impact initiatives are growing among nonprofits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations to a common agenda for solving a specific social problem. This...

13 Sep

Nonprofit

What to Do When the Audit Ends

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September 10, 2020

Financial audits conducted by outside experts are among the most effective tools for revealing risks in nonprofits. They help assure donors and other stakeholders about your stability — so long as you respond to...

04 Sep

Nonprofit

Private Foundations Need Strong Conflict-of-Interest Policies

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September 3, 2020

Does your private foundation have a detailed conflict-of-interest policy? If it doesn’t — and if it doesn’t follow the policy closely — you could face IRS attention that results in penalties and even the...

28 Aug

Nonprofit

How Nonprofits Should Classify Staff for Tax Purposes

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August 27, 2020

Employees or independent contractors? It’s not only for-profit companies that struggle with the question of how to classify staff for federal tax purposes. Nonprofit organizations must withhold and pay Social Security, Medicare and unemployment...

21 Aug

Nonprofit

Financial Dashboards Can Steer Your Nonprofit Toward Financial Success

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August 20, 2020

Nonprofits increasingly are adopting a corporate world tool: financial dashboards. A dashboard is a summary of an organization’s progress toward a specific goal over time — or a snapshot of its current situation. Dashboards...

14 Aug

Nonprofit

Should Your Nonprofit Accept That New Grant?

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August 12, 2020

Current financial pressures mean that your nonprofit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants. Smaller nonprofits that don’t have formal grant evaluation...

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