The world of church accounting is vastly different from accounting for for-profit entities. There are many unique challenges facing religious organizations. One of the first issues a church may face is finding and implementing an accounting software that meets their needs. There are many different accounting software solutions available for churches, but below are four […]
Money fuels the mission of every non-profit organization. Just like any other business, nonprofits need money coming in to cover operating costs, pay employees, fund their programs, and so forth. Nonprofits must have an effective system for recording the donations received from their donors. QuickBooks is often a perfect tool for many nonprofits to deal […]
The world of church accounting is vastly different from accounting for for-profit entities. There are many unique challenges facing religious organizations such as restricted donations, differences in financial reports, payroll for ordained ministers, and so forth. Churches may opt to try to handle this in-house, but below you’ll find several reasons why it may be […]
Charitable donations provide an excellent way for businesses and individuals to support their communities. Whether you make a monetary gift to a nonprofit entity or donate useful items to a religious organization, you’re helping improve the lives of others in need. You can also benefit financially by making tax-deductible donations to a qualified organization that […]
Selling your home for a profit is an exciting opportunity. However, you should know a few things before you begin the process. This guide to taxes on selling a home will help you learn more about capital gains taxes and how to qualify for exemptions. Do I Have to Pay Taxes on Gains From Selling […]
Starting a new business is no easy task — there are so many factors for new startup companies to consider. Between planning what type of entity structure you should be to ownership configuration, proper federal and state set-up and payroll, it’s difficult to know where to start and what you need. If it’s your first time building […]
Financial statements are a significant player in projecting company growth, expenses and stockholder’s love when they see growth. Every business owner needs to understand how to digest their financial statements, from balance sheets to cash flow reports to the annual reports. Knowing how to successfully establish where your money goes, how it is coming in, […]
When starting a company, one of the first decisions you need to make is whether the business should be a for-profit company or a nonprofit organization. For some founders, the answer is immediately obvious. It makes sense for a company that wants to make money to be a for-profit business. For a company with a […]
As a college student, you have a lot of navigating to do when entering the workforce. That’s why the partners at Marshall Jones want to offer you some tips as an accounting major! Since beginning their own accounting careers, our partners have gained valuable knowledge, and they want to bestow their wisdom upon you. Consider […]
The Form 5500 is an annual report that is filed with both the IRS and the DOL. It has information that relates to the operation and compliance of a retirement plan, such as a 401(k) plan. If your company has a retirement plan, it will likely need to file this form every year. Typically, this […]
