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Topic: Accounting Advisory

Deterring Nonprofit Fraud and Ensuring Financial Integrity
By Holly Hejmowski, CPA on January 8, 2025

Tips for preventing fraud at smaller not-for-profit organizations Recently, there have been several news accounts of smaller not-for-profit organizations that have fallen victim to...

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Form 990 Best Practices for Not-for-Profit Boards
By Holly Hejmowski, CPA on December 19, 2024

Five ideas for making the nonprofit tax preparation process easier Not-for-profit organizations with federal tax-exempt status must file Form 990 with the IRS each year. This form requests...

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Nonprofit Budgeting Best Practices: Planning For Your Organization’s Financial Health
By Holly Hejmowski, CPA on May 15, 2024

Tips for a not-for-profit's current and future budgeting A well-planned nonprofit budget gives an organization’s leadership more control, increased transparency, better accountability, and...

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Not-For-Profit Cost Allocations Best Practices and Tips
By Holly Hejmowski, CPA on April 10, 2024

Effective methods to allocate costs for informed decision-making A significant challenge facing many not-for-profit (NFP) organizations involves determining how much of their resources and...

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Harnessing Technology's Potential in Not-For-Profit Operations
By Holly Hejmowski, CPA on March 20, 2024

Not-for-profits can, and must, keep up with advancing technology When thinking of technological innovation, the not-for-profit sector is not likely to be one of the first places that come...

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6 Steps to Future Proof Your Organization: Management Succession Planning for Nonprofits
By Holly Hejmowski, CPA on February 14, 2024

Not-for-profit organizations must make MSP a priority From the chair of the board to their newest volunteer, a not-for-profit (NFP) organization relies on people to promote its mission,...

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