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IRS Notice CP504

The client has entered into an installment agreement or submitted an Offer in Compromise. There are many reasons this can happen, from multiple red flags on your returns like an over-use of “employee business expenses,” for example,to just random selection...

Bookkeeping vs Accounting: A Comparison

ContentChoose your method for accountingThinking you can do everything without professional helpThe WORST kinds of bookkeeping clientsHow often should bookkeeping be done for a law firm?Contact a Professional for Help It’s similar to two-way reconciliation, where you...

5 Best Practices for Nonprofit Budgeting

ContentNext Step: Cash FlowNotice what is not included:Figure out your expensesSpecify your budgeting approachRecession Tips for NonprofitsDevelop a budget with your entire team. Take control of your nonprofit’s finances and start building your budgeting skills with...