Accounting, Tax & Advisory Experts

Whether just starting out, or during growth phases, small businesses often struggle to segregate duties. A small team means all players wear wears multiple hats, and when there are only two or three people running a business, often one person is wearing almost if not all of the hats!

Many business entities are required by the IRS to use a calendar year-end for their fiscal year. Nonprofit organizations are free to choose their fiscal year end, and should do so with great care. Although there is nothing wrong with using a calendar year-end – using a calendar year-end can reduce confusion in many cases – there are several important factors to consider before defaulting to 12/31.

The U.S. Department of the Treasury recently announced a significant milestone in the rollout of the new Trump Accounts Program, including the launch of the official Trump Accounts mobile app and the upcoming activation of accounts for millions of American families.

Whether just starting out, or during growth phases, one of the most common issues I encounter working with smaller nonprofits is how to segregate duties. A small team means everyone wears multiple hats, and when there are only two or three people running an organization, often one person is wearing almost if not all of the hats!