by CL Davidson | Feb 13, 2024 | Behind the Q
Optimize Your Nonprofit’s Pre-Tax Season Checklist: 5 Essential Steps Navigating tax season can be challenging for nonprofits, especially considering their exemption from federal taxes. While 501(c)(3) organizations don’t have to pay taxes, they must file...
by CL Davidson | Jan 16, 2024 | Behind the Q
Want to Outsource Your Nonprofit Accounting? Key Questions to Ask First Nonprofit organizations, like for-profit businesses, rely on effective financial management to thrive. Hence, accounting and bookkeeping are equally vital and demanding parts of daily operations,...
by CL Davidson | Dec 12, 2023 | Behind the Q
Calendar Year-End vs. Fiscal Year-End – What Works Best for Your Nonprofit? We already know that nonprofits are special. But when it comes to year-end, they’re even more so. Why? Because nonprofits are the only organizations that get to choose how to file their...
by CL Davidson | Nov 14, 2023 | Behind the Q
More Than Dollars: The Real Value of Nonprofit Donors In the nonprofit world, the never-ending pursuit of funds often overshadows the significance of donors themselves. Sure, the dollars are essential, but let’s not underestimate the power of the generous people...
by CL Davidson | Oct 10, 2023 | Behind the Q, NonProfit
Top 10 Reasons to Outsource Your Nonprofit Accounting to Qbix Accounting Solutions Nonprofit organizations face unique challenges — especially with the hefty task of managing financial operations while remaining focused on the core mission. Many nonprofits have...
by CL Davidson | Sep 14, 2023 | Behind the Q
How Nonprofits Make Money: Exploring Diverse Income Sources Nonprofits are key players in serving the public good, yet their financial landscape can be intricate. Despite the “nonprofit” label, these organizations have diverse income streams. Let’s...
by CL Davidson | Aug 15, 2023 | Behind the Q
Nonprofit Financial Planning: 4 Vital Reports for Success Developing a robust financial plan is crucial for the success of your nonprofit, as it not only ensures sustainability but also drives the fulfillment of your mission. Unlike for-profit companies, nonprofits...
by CL Davidson | Jul 11, 2023 | Behind the Q
Six Financial Management Tips for Small Nonprofits It’s no secret that small nonprofits try to do more with less. But to make the most significant impact, effective financial management is critical. Unorganized finances can lead to unnecessary purchases,...
by CL Davidson | Jun 27, 2023 | Behind the Q
Nonprofit Travel Expenses: Essential Reimbursement Guidelines You Need to Know Reimbursing your nonprofit staff and volunteers for their travel expenses may seem simple, but only if you have the right plan in place. More specifically, an “accountable...
by CL Davidson | Jun 6, 2023 | Behind the Q
Five SECURE 2.0 Changes That Impact Nonprofits If your nonprofit handles employee’s retirement plans (like a 403(b)), you’ll want to know how SECURE 2.0 affects them. To give you some background, at the end of 2022, President Biden signed into law H.R....