Future Planning – Heading toward Growth, Succession, and More Something big is on the horizon. Maybe it’s the retirement of a key player on the executive team. Maybe it’s a big growth opportunity. Whatever it is, do you know the steps you’ll take to meet that “something big” when the
Financial management is the planning and monitoring of an organization’s financial resources. And anyone who’s steeped in financial systems and accounting tools knows that it’s anything but simple. Establishing (and executing) proper records, internal controls, checks and balances, and data integrations can be challenging. Even finding and implementing the right
Executive Directors and Board of Directors are tasked with many responsibilities essential to the success of a nonprofit organization. It’s imperative they offer leadership and guidance on program management, staff and volunteer recruiting, marketing, community engagement and managing fundraising programs. There is another task management must also address which includes
Every year, the Social Security Administration adjusts the regulations for the Social Security program. These adjustments include various items such as the retirement age, earnings cap and benefit payout. The changes for this upcoming year are summarized below: Full Retirement Age Full retirement is the age at which the Social
Putting the Peer in Peer Review As a CPA firm ourselves, we know that having your assurance services reviewed isn’t likely your idea of a good time. But it’s a requirement, so you can’t avoid it (every three years). At Barnes Dennig, we take the “peer” part of “peer review”
The Treasury and Small Business Administration (SBA) have announced some burden relief for small business with PPP Loans, including a safe harbor for good faith need is automatically applied to those who received loans of less than $2,000,000 – welcome relief for many smaller organizations grappling with PPP loan forgiveness
Estate & Trust Planning Thanks to Hollywood, “estate plan” may conjure up images of a family all dressed in black, sitting in a dark, wood-paneled library in a sprawling mansion, and listening to a deceased relative’s lawyer while wondering who’s going to inherit the yacht. While that may make for
AICPA Peer Review – Cincinnati (OH) Cincinnati and Ohio CPA firms are required to undergo a firm peer review every three years – a requirement mandated by both the American Institute of Certified Public Accountants (AICPA) and state licensing agencies. A peer review is an independent examination of a firm’s
The Supreme Court’s landmark 2018 ruling in the South Dakota V. Wayfair case changed the rules for when out-of-state businesses across a wide range of industries are required to collect and remit sales tax. (surprise – it’s not just retail!). What the Wayfair ruling changed Prior to the ruling, businesses
AICPA Peer Review – Indianapolis (IN) Indianapolis and Indiana CPA firms are required to undergo a firm peer review every three years – a requirement mandated by both the American Institute of Certified Public Accountants (AICPA) and state licensing agencies. A peer review is an independent examination of a firm’s
AICPA Peer Review – Chicago (IL) Chicago and Illinois CPA firms are required to undergo a firm peer review every three years – a requirement mandated by both the American Institute of Certified Public Accountants (AICPA) and state licensing agencies. A peer review is an independent examination of a firm’s
AICPA Peer Review – Dayton (OH) Dayton and Ohio CPA firms are required to undergo a firm peer review every three years – a requirement mandated by both the American Institute of Certified Public Accountants (AICPA) and state licensing agencies. A peer review is an independent examination of a firm’s