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What does a small business CPA Really Do?
(A lot more than just taxes!) Last week I met a successful businessman at a small group lunch meeting in Glassboro. When our introducer said that I was a small business CPA, he asked “How do you get away from your office at this time of year?” I said that I manage my time well to…
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501(c)(3) disaster assistance organization compliance with IRS – Contrast between public charities and private foundations
Note: Much of this post is anecdotal, based on personal experience, not well documented online or in any official publications. It was written to help with clients’ management decsion-making. IRS has been tough on disaster relief nonprofit organizations in the past decade. We have observed shifting internal processes and results. This guidance is a combination…
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Three Trends That Changed Small Business Accounting in 2025
This is a year of rapid change in small business accounting, from the dwindling number of highly qualified providers, to AI integration, and increased economic challenges. These are the three most significant that we see as we make work plans for the months ahead:Q1. Client expectations have changed. We are no longer expected to just…