Despite financial instability, staffing challenges and general uncertainty over the last few years, many nonprofits are continuing to push forward and achieve their missions. Additionally, there are numerous reasons to be optimistic about what the next few years could bring. Reports indicate that donors have continued to give generously even through the worst of the pandemic.

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As we head into 2022, the rapid-fire legislative and regulatory changes we have become accustomed to over the past two years are showing no signs of slowing down. Keeping an open dialogue with your CPA will play a key role in creating and implementing a nonprofit accounting strategy that helps you fulfill your mission and maintain compliance.

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Pair a tough year with the complexities that come with existing and evolving tax legislation and regulations, and professional accounting advice becomes even more valuable than ever. Making sure you understand how new and evolving legislation and regulations affect your reporting requirements this year is one of the ways to protect your organization from future costs for correcting noncompliance.

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The pandemic has increased the need for people to rely on nonprofit services. Successful fundraising efforts require a lot of work, dedication and planning. The latest trends can help your nonprofits target their fundraising audience in the right way.

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Nonprofit organizations, like lifeguards, are the first to selflessly jump in and help when a person or community is in harm’s way. Unfortunately, the COVID-19 pandemic has many of us wondering who will jump in if the lifeguards need saving?

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Implementing and following appropriate accounting and bookkeeping practices can support your nonprofit’s mission and overall success.

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