Accountants Evolving with the Marketplace

Historically, workplace environments thrived in “silos” for their employees: the sales folks stay over here, the marketing folks over there, the accountants in the back. Notice how the word “thrived” is in past tense as the world has changed and businesses are trying to catch up with the constant churn. Accounting agencies are looking for…

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Remote Audits Aren’t Going Anywhere

Remote audits in 2020 proved to be so valuable, some firms are leveraging the technology by going another step further, taking deep dives into cybersecurity risks and searching harder for fraud. Auditors will be heading back to their offices soon and while many will still prefer to meet in person with their clients, some large…

Five Nonprofit Accounting Practices to Review Annually

There are always changes that can be implemented at your nonprofit or business that will make your operations more efficient, especially when it comes to accounting practices. It’s hard to realize your organization may be working with multiple inefficiencies since you’re “in the weeds” with day-to-day work.  Unless something goes wrong, why change it? The…

Identity Theft Warning: Unemployment Benefits

We are heading into tax filing season and the IRS is seeing an uptick in taxpayers receiving form 1099-G even though they never filed for unemployment during 2020 and the COVID-19 Pandemic. If you or any of your employees received the form yet never filed, identity theft is likely and someone may have received benefits…

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Keeping Your “Bookkeeper” and Outsourcing Your Business Controls

Small to mid-sized businesses and nonprofits tend to default to having one person control all of the business’s accounting functions, known fondly as “the bookkeeper.” Oftentimes this bookkeeper ends up being the company’s owner or nonprofit organization’s executive director. Aside from the capacity challenges of a high-level employee managing the books when they should be…

So, You Want to be an Accountant?

When people think about accounting and accountants, most immediately think, “spreadsheets, number crunching, boring.” Those of us in the accounting world tend to view our careers differently, and those of us here at N4N use our passion for numbers to focus solely on helping nonprofits manage their money so they can focus on their missions….

Nonprofit Annual Reports – Engaging and Informing

The development of a nonprofit’s annual report can be time consuming, laborious, and unfortunately sometimes even boring, but it doesn’t have to be and shouldn’t be. In fact, the annual report could be used to make another connection with current donors while also informing potential donors and corporations about how their money would be used….

Prepping for Tax Season with your Accountant

It’s about to get very busy for many accountants as we approach tax season and there were some big changes to tax law that went into effect in 2018. While Numbers 4 Nonprofits does not prepare taxes for our clients, we are busy year-round helping our nonprofit clients manage their money with mission. However, individuals…