If you want to control costs and improve delivery of your not-for-profit’s services, it’s important to calculate and regularly monitor four key ratios. They are: 1) percentage spent on program activities, 2) percentage spent on fundraising, 3) current ratio (representing your ability to pay your bills) and 4) reserve ratio (representing reserves available during temporary cash crunches). Looking at the right numbers is only the start. To ensure you’re achieving your objectives cost-effectively, make sure everyone in your organization is focused on outcomes directly related to your mission.
We all know college is expensive. Fortunately, there are two sizable federal tax credits for higher education costs that you may be able to...
In today’s global economy, aggressive cross-border tax strategies expose investors and other stakeholders to potential risks. The Financial Accountability & Corporate Transparency (FACT) Coalition...
If you’re getting close to retirement age, you may be wondering if your Social Security benefits are going to be taxed. The answer depends...