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Consider borrowing from your corporation but structure the deal carefully
If you own a closely held corporation, you can borrow funds from your business at rates that are lower than those charged by a bank.
Bookkeeping provides a solid foundation for financial reporting
Bookkeeping refers to the systematic storing of financial documentation and recording of daily financial transactions. Bookkeepers record journal entries for each transaction using accounting software.
Cross-training initiatives can get your whole organization in shape
Elite athletes cross-train to promote full-body strength, enhance performance and reduce the risk of injury. Nonprofits that cross-train staffers on one another’s jobs can reap
4 bookkeeping pitfalls for small businesses to avoid
Accurate bookkeeping is essential to operating a successful small business. Unfortunately, it’s common for entrepreneurs to underestimate the importance of maintaining organized books and records.
Combatting negative public perceptions of your nonprofit
Although Americans trust philanthropic organizations more than government and businesses, almost a third believe not-for-profits are on the “wrong track,” according to a 2023 survey.
Are your volunteers risking legal and tax liability?
Even though the federal Volunteer Protection Act of 1997 and various state laws provide nonprofit volunteers with some legal liability protection, volunteers still face real
