Nonprofits expanding beyond their original footprints might consider a federated structure, which combines a central headquarters with local chapters to enhance resource sharing, advocacy, and governance. However, this model also presents challenges like balancing autonomy and oversight and managing potential liability risks. Discover how nonprofits can determine if federation aligns with their strategic goals and the key considerations for successful implementation.

Fund accounting is a vital strategy for nonprofits, ensuring transparency and accountability by segregating funds according to donor intentions. This guide explores how nonprofits can utilize fund accounting to meet evolving donor expectations, enhance trust, and maintain compliance, ultimately strengthening their mission's impact. Discover how adopting these principles can transform your organization's financial management and donor relationships.

As 2025 started, nonprofits face the challenge of standing out amidst a crowded field vying for funding and support. This article explores how a compelling and cohesive brand can become a pivotal tool for nonprofits, helping them distinguish their mission, build trust, and engage supporters effectively. Dive into practical strategies to enhance your nonprofit's brand, ensuring alignment with core values and more profound connections with donors and volunteers.

Leadership transitions in nonprofits can greatly impact an organization's mission and operations. This article explores the importance of exit strategies, differences between exit and separation agreements, and effective compensation practices to ensure stable transitions. Discover key insights and best practices for maintaining continuity and preserving your nonprofit's legacy through thoughtful leadership changes.

Starting a nonprofit? Discover the crucial differences between IRS Form 1023 and Form 1023-EZ for achieving 501(c)(3) status. Our guide breaks down which route suits your organization, helping you avoid pitfalls and secure vital tax-exempt advantages.

With the Republicans poised to control both the White House and Congress in 2025, significant changes to federal tax laws are expected. From the extension of key TCJA provisions, such as individual tax rates and QBI deductions, to new proposals on research and experimentation (R&E) expenditures, small businesses may experience major shifts. It’s important to keep an eye on these developments and consult with tax advisors to ensure optimal tax strategies moving forward.

Embezzlement by employees can be hard to detect but devastating for businesses. This article explains how fraud is often carried out internally and highlights a $7 million embezzlement case in which corporate expenses were misused. Practical tips on fortifying your defenses, such as separating duties, performing regular reconciliations, and engaging forensic accountants, are shared to help small businesses avoid becoming victims of internal fraud. Read the full article for comprehensive prevention strategies.

Withdrawing funds from your retirement plan before age 59½ can trigger penalties and taxes, but there are exceptions that may allow you to access your funds penalty-free. This article explains early distribution rules, exceptions like birth or adoption, and strategies like Substantially Equal Periodic Payments (SEPP) to help minimize the tax burden. Learn how to navigate these rules to ensure you're making informed decisions about your retirement funds. Read the full article for complete details.

A well-drafted buy-sell agreement is crucial for businesses with multiple owners. It provides clarity on what happens if an owner exits the business due to death, disability, or other reasons, ensuring that the business continues smoothly. This article covers the benefits of buy-sell agreements, including avoiding estate tax complications, creating liquidity for heirs, and preventing disputes over business ownership.