Latest Episodes
7
SDM Accounting Insights: Is an HSA right for you?
A Health Savings Account (HSA) offers tax-advantaged funding of health care costs. If you have a qualified high-deductible health plan, you can contribute to...
6
SDM Accounting Insights: Fiduciary Duties: What Your Board Members Need to Know
Not-for-profit board members, whether compensated or not, have a fiduciary duty to the organization. If your board hasn’t reviewed its fiduciary duties recently, it...
5
SDM Accounting Insights: Donating Your Vehicle To Charity May Not Be A Taxwise Decision
Let’s say you’re buying a new car and want to get rid of your old one. You’ve heard ads claiming you can get a...
4
SDM Accounting Insights: AUP engagements: A Middle Ground Between Audits and Consulting Services
CPAs offer a wide menu of services. One of the lesser-known options is an agreed upon procedures (AUP) engagement. It uses procedures similar to...
3
SDM Accounting Insights: Associations: Avoid Certain Activities to Preserve Tax-Exempt Status
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...
2
SDM Accounting Insights: Protect Your Nonprofit By Cross-Training Staff
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...