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IRS increases standard mileage rate

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The IRS has announced an increase in the standard mileage rates for the rest of the year.

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Is It Time For a Fractional Expert?

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When your business or organization is growing quickly, a fractional expert is a cost-effective solution to getting financial expertise and guidance without having to siphon funding from other revenue sources. They can save your staff time and save your organization money.

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3 Things Business Owners Should Do by January 31

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It happens every year: We celebrate the new year and then suddenly it’s mid-January. Thankfully, you still have time to complete a few must-do tasks—including the processing of Form 1099s by the January 31 deadline—before the month completely disappears.

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Understanding the Lease Standard: Preparing for the Update and How it will Affect Your Business or Nonprofit

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Join our team of experts as they walk you through the key features of the new FASB Lease Standard (Topic 842), what this ASU will mean for your business or nonprofit financial reporting, and how to ensure a smooth transition to this new compliance standard.

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Webinar Recap: Single Audit Considerations for Nonprofits

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It’s safe to say every organization has grappled with change over the past year. If your organization accepted federal funding, it could be subject to certain reporting requirements as well as a single audit. To help you understand how to plan and prepare for this type of audit, we recorded a webinar on the topic. Here’s a quick recap of what we discussed.

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Tax-Exempt Bonds: What Your Organization Should Know About the Latest Compliance Initiatives

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Are you in compliance with the yield restriction and rebate requirements for your tax-exempt bonds? With so much on the line, it’s important to stay up to date. Here’s what you should know about the latest compliance initiatives in this area.

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Cash Flow Beyond the PPP: Why It Matters for Your Business

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As Paycheck Protection Program (PPP) loans run dry, many business owners are wondering what their cash flow will look like in the coming weeks and months. Thankfully, it’s possible to peek into the future to estimate your business’ cash flow.

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What Your Organization Should Know About GASB 87

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GASB 87 will impact you if you’re leasing property as a lessee or lessor. Generally speaking, the statement narrows the existing definition of a lease and modifies how it should be recorded on your financial statement.

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What Your Organization Should Know About GASB 84

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GASB 84 establishes criteria for identifying fiduciary activities. In a nutshell, it narrows the existing definition of a fiduciary fund and clarifies how these funds should be treated in the financial statements.

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liquidity

Nonprofit Liquidity Footnote: Tell the Story Behind the Number

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Your nonprofit’s financial statement readers are likely to include its major donors, which means what you include or don’t include in your footnote could have significant consequences for your nonprofit. To help you present your numbers in the best light, here are a couple of things you should know.

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