Insights and Resources

Effective financial oversight is crucial for the sustainability of nonprofit organizations, ensuring that resources are utilized responsibly and efficiently. This article explores the key financial risks these organizations face, such as dependency on single funding sources and fraud, while offering strategies for minimizing risks through strong internal controls and professional audits. Discover how nonprofits can protect their missions and maintain donor trust for long-term success.

Preparing to sell your business involves more than just finding a buyer—it's about strategic planning, optimizing operations, and ensuring smooth transitions. This article outlines essential steps to maximize your company's value and prepare for a successful sale, detailing how to assess your business’ readiness, streamline operations, and market effectively. Discover how a meticulous approach can secure a profitable transition and lasting legacy for your enterprise.

The Corporate Transparency Act (CTA) aims to combat illicit financial activities through beneficial ownership disclosure, but a series of court rulings have left businesses in a confusing compliance landscape. Discover how these changes impact small businesses, what potential future scenarios might unfold, and how you can prepare amid this legal uncertainty.

Navigating the U.S. tax system can be complex, particularly when understanding critical concepts like Adjusted Gross Income (AGI), Modified Adjusted Gross Income (MAGI), and Taxable Income. These definitions impact your tax liability and eligibility for various deductions and credits, playing a pivotal role in financial planning. Empower yourself with the knowledge to make informed tax decisions by decoding these essential terms in our latest article.

Explore potential tax policy changes under a new Trump administration, including extensions of the Tax Cuts and Jobs Act, adjustments to state and local tax deductions, and new corporate tax strategies. Understand how these shifts could impact your financial planning and business operations. Stay ahead with insights from Jamie Miller, CPA, on adapting to these evolving fiscal landscapes.

Discover the pivotal role CPAs play in navigating the new Beneficial Ownership Information (BOI) reporting requirements under the Corporate Transparency Act. Learn how proactive compliance strategies and leveraging technology can safeguard firms from penalties, uphold client trust, and ensure ethical practices in a shifting regulatory landscape.

The Financial Accounting Standards Board (FASB) proposes changes to accounting for internal software development costs. Learn about the proposed changes and how they might affect your company's financial reporting.

Delve into the world of dynamic forecasting and its crucial role in small businesses' decision-making processes. The article provides an in-depth understanding of dynamic forecasting versus traditional static forecasting, its implementation, and how it enables businesses to manage risks effectively. Learn from MBN & Company's expertise on how to successfully integrate dynamic forecasting into your business operations.

In the fast-paced business world, deciding between in-house or outsourced accounting can significantly impact your company's growth and efficiency. This article delves into the advantages and challenges of both options, offering valuable insights to help you make a choice that aligns with your strategic goals. Whether you're a startup or an established enterprise, understanding the nuances of these approaches is essential for achieving financial success.