Upcoming changes in retirement plans that affect nonprofits

Linda J. Kramer, CPA, MBA Accounting & Auditing Director Some provisions of the SECURE Act 2.0 of 2022 (a follow-up to the SECURE Act of 2019) have been in force for more than a year — including several that affect 403(b) retirement plans. If your nonprofit offers...

Large grants and donations sometimes bring unanticipated costs

Sean McNeil, CPA, MBA Accounting & Auditing Manager Your small nonprofit organization received a large grant or donation. Congratulations! But for smaller nonprofits, large gifts can come with some unanticipated costs.    Specifically, a large gift may push your...

Nonprofits increasingly turn to outsourced accounting services

Linda J. Kramer, CPA, MBA Accounting & Auditing Director Outsourcing of accounting and bookkeeping support services is an increasing trend in many nonprofit organizations. Driven by several factors, outsourcing is a confluence of trends impacting nonprofits.   ...

Strategies to help weather a high interest rate environment

Charles R. Kennedy, CPA, MBA Vice President & Director of Tax Services Interest rates can have a significant impact on businesses, as we have seen over the past year. And often, smaller businesses feel the impact first. Profit margins and cash reserves can take a...