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Nonprofits: Navigate COVID-19 obstacles with virtual board meetings

20 May 2020
Nonprofits: Navigate COVID-19 obstacles with virtual board meetings

Even if your not-for-profit’s board of directors usually meets in person, current events strongly suggest the need for a Plan B. Here are some best practices for holding virtual board meetings.


Benchmarking: Why normalizing adjustments are essential

19 May 2020
Benchmarking: Why normalizing adjustments are essential

There are two types of “benchmarks” that a company’s financials can be compared to — its own historical performance and the performance of other comparable businesses.


Here’s how to handle gifts in kind and donated services

18 May 2020
Here’s how to handle gifts in kind and donated services

Many not-for-profit donors find themselves unable to provide monetary support to favorite charities, instead, your organization may receive offers of gifts in kind or donated services.


Adjusting your financial statements for COVID-19 tax relief measures

15 May 2020
Adjusting your financial statements for COVID-19 tax relief measures

If your business follows U.S. GAAP, you’ll need to account for the effect of the CARES Act on deferred tax assets and liabilities for interim and annual reporting periods.


IRA account value down? It might be a good time for a Roth conversion

15 May 2020
IRA account value down? It might be a good time for a Roth conversion

The coronavirus (COVID-19) pandemic has caused the value of some retirement accounts to decrease because of the stock market downturn, but if you have a traditional IRA, this downturn may provide a valuable opportunity.