How Businesses Benefit from Nonprofit Event Sponsorship

Today’s market and economic landscape can be challenging to navigate, especially for small businesses. In the face of rising costs and staff shortages, businesses are also adjusting to changing consumer expectations and increasing competition among their peers. Adding...

Evaluating QBO & QuickBooks Desktop: Which is Right for You?

QuickBooks offers two core products: QuickBooks Online (QBO) and QuickBooks Desktop. Under the Desktop umbrella, there are three locally-hosted versions: Pro Plus, Premier Plus, and Enterprise. Under QBO, there are four cloud-based versions: Simple Start, Essentials,...

New Standards for Reporting Gifts-in-Kind for Nonprofits

Nonprofits are just coming out of the fog after implementing the new revenue recognition standards. But clear skies aren’t on the radar just yet. In September 2020, The Financial Accounting Standards Board (FASB) issued an accounting standards update (ASU) on TOPIC...

Get Ready for 1099 Filing

All businesses including: LLCs S Corporations C Corporations Self-Employed Owners Nonprofit Organizations are required to file their 1099 Forms by January 31, 2021 to the recipients A new Form 1099-NEC for 2020 is now to be used for nonemployee compensation. The Form...