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Starting a professional coaching practice?
Congratulations on your decision to launch a professional coaching practice. You may have a few questions about the mechanics of your new business. We’ve compiled some common questions and would be happy to discuss the options in each.
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Nationwide accounting fee shock
Accountants across the nation are announcing 2023 price increases to clients this week, based on what we read in professional online discussion groups. These rate increases follow recent year increases that often approached 20%. This year the increases are more substantial: typically 20% to 50% according to what some of my peers report online. The increases being discussed by firms as small as sole practitioner bookkeepers to as large as regional CPA firms. The primary driver of price increase appears to be work overload rather than a push to boost income. The majority of new client inquiries I receive say
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Congratulations on your new nonprofit! What’s next?
Congratulations on the formation and approval of your nonprofit organization and best wishes for success ahead! However, approval was the easy part. Now the ongoing requirements of managing a nonprofit organization is more demanding. I compiled these observations from watching dozens of new nonprofit organizations throughout the country move from their initial launch through early operational stage. Core concepts in management of a nonprofit organization are highlighted below. This article is meant as a brief introduction of nine next steps you are likely to consider. 1) Basic Governance All nonprofit organizations should have a solid Financial Procedures Policy and a Conflict of Interest