Preparing for your annual broker-dealer audit should be a proactive agenda throughout your company’s fiscal year. Early preparation allows your business to stay compliant with the numerous rules and regulations. Failure to implement preemptive measures may result in an interruption of your … Read More
The requirements for broker dealer audits exist to protect investors. Once a year, a firm registered with the PCAOB must audit their broker dealers. Broker dealers are subject to a wide range of regulations and the auditing process ensures that an entity is compliant with all applicable … Read More
Broker dealers registered with the Financial Industry Regulatory Authority and the Securities and Exchange Commission (SEC) are required to have an annual financial statement audit. Broker dealers with this requirement must use an accounting firm registered with the Public Company Accounting … Read More
Most large U.S. employers have matching gift programs. Matching gifts are a corporate giving program that help nonprofits financially. These are designed to help employees make an impact through charitable giving. According to Double the Donation, between $2 and $3 billion are donated in this way … Read More
Do you know how to evaluate the use of your nonprofit’s funds and the target ranges for these metrics? Though sound financial management may not be front and center in your nonprofit’s mission, it is essential for ensuring the integrity of its programs and services. One of the benefits of nonprofit … Read More
As any provider of nonprofit audit services will tell you, it is ideal to have a diversity of funding sources. When your nonprofit can rely on multiple types of funding, your more likely to avoid budget shortfalls and better positioned to expand your services as you need. Cause marketing is an … Read More
One of the key roles of a board is to monitor their nonprofit's finances and to help steer it in the right direction. This is not always an easy task when those finances are too far gone, but there are some early warning signs to watch out for that, when observed and rectified at an early stage, can … Read More
Raffles can provide big payoffs for your nonprofit, but can be tricky to execute. There are several tax rules that govern raffles, and while state tax laws vary a great deal, there are some basic federal tax laws that every organization can benefit from learning about. These laws concern unrelated … Read More
An important part of every non-profit’s financial safety net is its operating reserve, which is an unrestricted and relatively liquid part of its net assets. Care should be taken to ensure this reserve is maintained, as it is a primary remedy in the event of an emergency or budget shortfall, and the … Read More
Unemployment costs can be a significant line item for nonprofits, however, it may be costing you more than it needs to. There are two strategies that your non-profit can use to be sure you are only contributing the amount of unemployment insurance that is necessary. And though the process may seem … Read More