Interim financial statements show how a company is doing each month or quarter. If you think of annual financial statements as a year-end report card for a business, interim reports would be like progress reports that forewarn of troubles ahead or reassure you that everything is going well. The SEC requires quarterly reporting from certain public companies, but stakeholders in smaller entities can benefit even more from this type of information. Before you rely on an interim report, contact us to discuss the potential shortcomings. We can also help you address unresolved issues and determine an appropriate course of action based on what’s happening midyear.
Nonprofit trade associations, or 501(c)(6) organizations, exist to promote their members’ common interests and improve business conditions. But your association doesn’t qualify for tax-exempt...
As teachers head back to school, they often pay expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct some...
Cross-training employees can help protect your not-for-profit’s finances and operations. The process involves teaching staffers to do each other’s jobs so that critical functions...