We are excited to partner with Alliance for Nevada Nonprofits (ANN) to prepare nonprofit organizations for federal grant award audits. The influx of CARES Act dollars and other federal funding was a lifeline for many nonprofit organizations and the recipients of their services but may have come with an unexpected new challenge. Most nonprofit organizations…
When it comes to nonprofit organizations most of the focus is put on achieving the organization’s mission, but how many do you know operate towards their mission with a strategic plan? A well communicated and realistic strategic plan can provide your board, staff, and key stakeholders with a roadmap to success. Forbes discusses the benefits…
For insight into PPP forgivness strategy and management, Nonprofit Quarterly met with Fiscal Management Associates Senior Consultants Gina McDonald and Tony Bowen, to discuss the biggest issues nonprofit organizations are running into when it comes to Paycheck Protection Program (PPP) forgiveness. The article also talks about how to accurately show PPP loan funds on financial…
HRC is pleased to announce that Jacqueline Matthew, CPA has been nominated to serve on the American Institute of Certified Public Accountants’ (AICPA) Joint Trial Board. Matthew’s term will start in 2021 and last for three years. Matthew has been with HRC since 2010 and currently serves as the firm’s lead attest principal for the…
January 2021 Individual Due Dates January 4 – Time to Call For Your Tax Appointment – January is the beginning of tax season. If you have not made an appointment to have your taxes prepared, we encourage you to do so before the calendar becomes too crowded. January 11 – Report Tips to Employer –…
This is our annual reminder that if you use workers other than employees to perform services for your business and pay them $600 or more for the year, you are required to issue each one a Form 1099-NEC after the end of the year to avoid facing the loss of the deduction for their labor…
