Entries by Kristen

Top 5 Trends in the Nonprofit Industry

Nonprofits have a difficult role to fill. They improve conditions for people, animals and communities, all while running an organization that tends to resemble a commercial business. That means, like profit-making companies, they must adapt to changes in the industry, too. 5 Nonprofit Trends in 2020 As nonprofit organizations adapt to the changing landscape of […]

7 Tips for Meeting With the Board

Meeting with your boss for the first time in a new job can be nerve-wracking. When your boss is a group of people with unique backgrounds, agendas and expectations, the meeting becomes even more complicated. As an executive, you likely feel the delicate balance between understanding how to manage a board of directors meeting while also […]

Accounting Tips for Your Construction Company

If you’re in the construction industry, you understand how important it is to be reliable. Your clients hold you accountable for your work. Solid construction begins with the foundation of a sound, financially stable business.  So when it comes to bookkeeping for construction companies, every detail counts. Accounting can be a challenge for construction companies due […]

Paycheck Protection Program Loan Forgiveness Overhauled… Again!

On June 3, Congress passed another Paycheck Protection Program (“PPP”) forgiveness Act that gives much-needed relief to many small businesses that were not able to take complete advantage of the relief intent of the original bill. The new PPP bill does the following: Extends the period from 8 to 24 weeks during which the borrower […]

What Is Working Capital?

In simple terms, your company’s working capital is the money you have available for day-to-day operations. Your working capital factors in accounts payable, accounts receivable, cash, inventory and other short-term accounts to measure the liquidity and overall health of your business. In accounting, working capital is one of the basic indicators of the financial state […]

Financial Advice for Working with the Intercountry Adoption Accreditation and Maintenance Entity (IAAME)

The Intercountry Adoption Accreditation and Maintenance Entity, or IAAME is an organization designed to accredit, approve, monitor, and provide oversight of intercountry adoption services provided by adoption service providers, in order to protect the most vulnerable among us: the orphan. The staff of IAAME has widespread knowledge and experience in providing welfare services for children, […]

New Clarity Around Preparing for PPP Loan Forgiveness

On May 15th, the U.S. Department of the Treasury issued a press release that the Small Business Administration, in consultation with the Department of the Treasury, released the Paycheck Protection Program (“PPP”) Loan Forgiveness Application along with detailed instructions and clarifications around the loan forgiveness process. Read about the updated loan forgiveness program created by […]

Accounting and Financial Reporting for an Advertising Agency

The marketing and advertising industry is one of the fastest-growing sectors in the world. But with this growth comes a new set of challenges ⁠— especially when it comes to financial reporting. Accounting for ad agencies doesn’t have to be complicated. You can simplify your advertising agency’s financial management and accounting with the strategic use of financial […]

Preparing for Paycheck Protection Loan Forgiveness

It has been a long road for many of you who have already received your Paycheck Protection Program loan funds, and certainly for those of you who are still waiting for your funds to arrive.  Unfortunately, this is only the first step in the process under the CARES Act and the economic relief it is […]

Business Partner or Shareholder Buyouts: What You Need to Know

As your business grows and develops, you may be asking yourself — what are the steps involved with selling my share of the business to my partner? Or maybe you’re looking for advice for buying out a business partner. When it comes to buying out a partner in a business, there is a right and wrong way […]