In this issue
August 7, 2017
Nonprofit Financial Fraud – Internal Vulnerabilities and Steps to Address Them
For internal fraud there are three areas that must be managed, including Cash Receipts, Accounts Payable and Payroll. Each provides an opportunity for individuals to divert funds illegally and in all cases separation of duties and multiple eyes on activ
July 24, 2017
Survey Shows Nonprofits Most Concerned with Staffing and Funding Cutbacks
Staff retention and recruitment ranks as the number one challenge for nonprofits, according to the first annual BDO Nonprofit Standards, a benchmarking survey designed in partnership with The NonProfit Times. More than 70 percent of respondents cited ...
July 24, 2017 Sponsored
AccuFund Helps Alaskan Nonprofit Make Dreams Come True
The Boys and Girls Clubs of Alaska turned to AccuFund to help them meet their mission, and it has helped them even more by improving the organization’s efficiency and accuracy, and giving remote access to vital staff, even those in a location like ...
July 24, 2017
The Power of Female Networks
When looking at your priorities, both at home and at work, networking likely falls somewhere near the bottom of the list. Time spent on career development is also time that could be spent with loved ones. But if you can spend just 10% of your week ...
July 21, 2017
Best Practices for Managing Nonprofit Finances
To avoid financial problems or the failure of a nonprofit, it is imperative to monitor the organization’s financial health - by employing good corporate governance. Governance is defined as the process of providing strategic leadership and exercising ...
July 21, 2017
Financial Basics for Nonprofit Boards
Many people consider a position on a nonprofit board a recognition of their financial contributions and other efforts to support the organization. But it goes well beyond that. One of the main fiduciary responsibilities of a board member is helping ...
July 21, 2017
17 Surprising Facts About Women and Retirement
Recent research sheds light on unique vulnerabilities and considerations that women face when planning for their retirement.
July 21, 2017
Small Businesses Save Time and Money with Intuit and Bill.com Digital Bill Pay Integration
Bill.com’s new integration with QuickBooks Online offers a more streamlined bill pay experience and gives users a more accurate view of their current cash flow
July 21, 2017
July 2017 Accounting & Audit Channel
Sixty-three percent of CFOs surveyed say they are expect revenue growth, one of the highest levels in the survey’s history, and only 18 percent claim a bias toward cost reduction, for a survey-high net value of plus 45 percent.
July 20, 2017
July 2017 Tax Channel
New Tax Scam Plugs Into Electronic Fears By Ken Berry, J.D., Tax Correspondent Now scammers are trying to scare taxpayers by thinking their payments to them will be linked to the Electronic Federal Tax Payment System (EFTPS). The IRS is alerting the public about the latest tax scam making the rounds (IR-2017-107, 6/15/17). In this...…
July 20, 2017
July 2017 Small Business Channel
Most Businesses Will Increase Cloud Computing Spending in 2017 By Isaac M. O’Bannon, Managing Editor Businesses have become less skeptical of cloud computing, more confident in its security, and more inclined to invest money in it, according to new findings. Nearly 70% of U.S. businesses surveyed by B2B ratings and reviews firm Clutch say that they...…
July 20, 2017
July 2017 Firm Management Channel
Laws seem to be moving towards making mandatory retirement illegal due to age discrimination. Can CPA firms still safely provide for mandatory retirement in their partner agreements?
July 20, 2017
July 2017 Payroll Channel
What's the hottest summer perk? Workers surveyed by staffing firm OfficeTeam said they're most interested in flexible schedules (39 percent) and the ability to leave early on Fridays (30 percent).
July 19, 2017
Whether You Think You Can or Can’t, You’re Right!
I just recently finished up a busy baseball weekend with my son. What does busy look like? We had one tournament with a travelling all-star team while still wrapping up the playoffs in his local little league. After two games in the heat at the ...
July 19, 2017
Apps We Love – Government Apps
As accountants, when we think of government apps, our minds frequently point to the IRS and state revenue agency apps. But there is so much more. I had fun this month exploring apps our government has to offer and was surprised at how much our ...
July 19, 2017
2017 Review of Nonprofit Accounting Systems
While it’s common practice for very small nonprofits to utilize standard accounting applications, even the smallest nonprofit can benefit from utilizing a product designed specifically for their needs. Unfortunately, there are those that use ...
July 18, 2017
What Have You Done For Your Clients Lately?
Just think about what consumers want today: online ordering and delivery right to their door, instant access to people at all levels using social media, constant updates on news through alerts on their smartphones and even their watches ...
July 18, 2017
Federal Government Increases Scrutiny of Employee Handbooks
Under the administration of President Donald J. Trump, employers may be able to anticipate many changes in the regulatory and legal environment. In particular, the National Labor Relations Board (NLRB), which had been very pro-union under Barack Obama ...
July 18, 2017
Accounting Software is Making Progress
If your firm intends to be a trusted advisor in accounting, it is time to consider the myriad of changes made in the past year and announcements to be made in 2017. There are so many pending announcements from significant publishers and vendors ...
July 11, 2017
Are You Focused on the Right Things?
We’re midway through 2017. How are you coming along with the goals you set at the beginning of the year? Do you still have a positive outlook for what lies ahead? Almost before we know it, fall deadlines will be here, then year end, then many of you ...
July 10, 2017
Where’s Your Firm’s Talent Going?
The accounting industry needs to be proactive in its efforts to recruiting and retaining talent
June 19, 2017
Taking the Pain Out of Expenses
Most accountants I know like helping people and contributing to making their businesses successful. Even though many accountants deal with the details of compliance through financials, tax and audit, most aren’t fans of the drudgery of the work that ...
