For affordable housing properties and not-for-profit organizations, changing the year end date can be part of a strategic plan to better serve those the organization supports. However, this transition can be confusing, and it helps to have the most up-to-date financial statements to help guide decisions.
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Financial Hurdles To Moving Your Non-Profit Office
Moving to a new office location always brings a mix of excitement and stress. Avoid prolonging the stress of the move by being thorough and considering the financial caveats of relocating your not-for-profit.
read moreLawn Care Considerations for Affordable Housing Properties
To get the most from your lawn care service, you need to map out your expectations of the type, quality, and extent of service before signing a contract with the company. Getting quotes from competitors every few years is another helpful way to ensure your price isn't too high.
read moreWhat to Include in a Not-For-Profit Investment Policy
When you invest your not-for-profit organization's money, you want to make sure it's going to grow and help you accomplish your mission. But all investments come with risk. So help your organization keep track and keep growing your investments by creating a strong investment policy.
read moreA Warm Welcome
Our part-time staff member lucked out with her first visit to a client, and learned some valuable things during the day on the trail.
read moreHow to Avoid Losing Public Charity Status
Our part-time staff member lucked out with her first visit to a client, and learned some valuable things during the day on the trail.
read moreHow to Make the Most of an Audit Internship
If your non-profit organization has been receiving generous donations from a single donor, whether a corporation, family trust, or philanthropist, you may reach the tipping point between being a public charity and a private foundation.
read moreHow to Respond to Questions About a FASSUB Submission
Though interns in a CPA firm may seem like grunt workers, tackling all the menial tasks the staff accountants and managers don't want to do, they play a vital role in our firm. Hear from a few of our former interns in what they would recommend for someone tackling an audit internship.
read moreShould I Get an Audit Even If It’s Not Required?
When the end of your audit is in sight, the last thing you want to do is answer follow-up questions from HUD about the numbers you submitted. However, these questions are usually easy to answer and will help avoid strongly worded letters and hefty fines.
read moreWhen Non-Profits Should Outsource Their Bookkeeping
Though there are many benefits to getting an audit of your financial statements, it's not always required. Make sure you understand your organization's financial obligations and goals before seeking what may be an unnecessary expense.
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