INSIGHTS

We See Things Differently

When we’re not addressing clients’ needs for business and financial advisory, assurance or tax matters, we’re researching, learning and thinking about related subjects. Check out some of our thinking on a broad variety of topics that may impact your organization. And if you’d like to learn more about any of these topics, we’re always happy to talk.

Jennifer Ferraro Randolph 6/22/22 Jennifer Ferraro Randolph 6/22/22

IRS to Raise Mileage Rate for Rest of 2022

In the wake of elevated gas prices, the IRS is increasing the optional standard mileage rate for the remaining months of 2022. These rates allow businesses and self-employed workers to calculate the deductible costs of using personal vehicles for business.

Brett Friedman, CFP® 7/8/21 Brett Friedman, CFP® 7/8/21

Understanding Your Responsibilities on the Finance Committee

While numbers might not always be the most exciting, your role on a nonprofit’s finance committee is a crucial one. To better serve a nonprofit organization, finance committee members must first understand their responsibilities. We’ve broken down the areas finance committees are typically responsible for.

Brett Friedman, CFP® 6/15/21 Brett Friedman, CFP® 6/15/21

What To Expect During A Financial Audit

An audit has been scheduled, and you’re thinking, now what? What should we expect? What will the auditors need from me, and when? We’ve outlined the process with what to expect checklists.

Brett Friedman, CFP® 6/8/21 Brett Friedman, CFP® 6/8/21

Is An Audit Required For My Non-Profit Organization?

You've started a non-profit, or perhaps your non-profit is growing. First, congratulations on your success. Second, that growth comes with some new responsibilities. Maybe it's a growing group of volunteers to manage or new missions to take on. Potentially one of those responsibilities may be an audit.

Brett Friedman, CFP® 4/28/21 Brett Friedman, CFP® 4/28/21

Will We Ever Get Back to the Old Normal?

Vaccines are rolling out to the general population nationwide, and there is one question on everyone's mind. Will we ever get back to normal, the old normal before COVID-19 turned our world upside down? Here is what you should really be asking and considering.

Brett Friedman, CFP® 4/13/21 Brett Friedman, CFP® 4/13/21

Who's Responsible for What During the Audit Process? Boards of Directors, Managing Agents, and Auditors Each Have Roles to Play

The audit process is very complicated, with various parties responsible for specific actions. It is crucial to understand what you are responsible for and understand what it all means. Having this understanding allows you to make informed decisions and to be as engaged in the audit process as you need to be. Here is who is responsible for what during the audit process.