As the term suggests, for-profit companies are driven primarily by one goal — to maximize profits for their owners. Nonprofits, on the other hand, are generally motivated by a charitable purpose. Here’s how their respective …Read More

 

As all for-profit ventures and businesses require tax reviews at the end of every year, so do non-profit organizations. By being more efficient and accountable to donors, grantors, lenders, members, and other stakeholders in your …Read More

 

The New Not-For-Profit Accounting Standard

Beginning in 2018, a new accounting standard will go into effect for churches, charities, and other not-for-profit entities. The following is a summary of the major changes:   Net Asset Classifications The existing rules require …Read More