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Our Blog

External audits offer many benefits to nonprofits

24 August 2020
External audits offer many benefits to nonprofits

Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual gross receipts and other factors. Even when external audits aren’t mandated, however, they’re often recommended. These audits can provide assurance to donors and other stakeholders that your organization is operating with integrity and within acceptable accounting guidelines.


Reporting embedded leases

21 August 2020
Reporting embedded leases

Beware: Your supply and service contracts may contain hidden surprises known as “embedded” leases. Identifying them can create challenges as private companies and not-for-profits implement the updated accounting rules for leases.


Launching a business? How to treat start-up expenses on your tax return

13 August 2020
Launching a business? How to treat start-up expenses on your tax return

While the COVID-19 crisis has devastated many existing businesses, the pandemic has also created opportunities for entrepreneurs to launch new businesses. For example, some businesses are being launched online to provide products and services to people staying at home.


PA Department of Revenue

13 August 2020
PA Department of Revenue

The Pennsylvania Dept. of Revenue has released its latest newsletter with reminders of PA’s various tax relief measures, in response to the COVID-19 emergency.


Ohio Sales Tax Holiday

07 August 2020
Ohio Sales Tax Holiday

Ohio’s back-to-school sales tax holiday is coming soon.