How Can Your Financial Statements Enhance Your Non-Profit Organization?

Having a strong financial record is important to tell the story of your non-profit organization. Financial statements are important in this regard as they help non-profit organizations record and manage their money. Having a strong financial record is important to tell the story of your non-profit organization. Financial statements are important in this regard as they help non-profit organizations record and manage their money. It also helps organizations to show grant-makers, individual donors, and investors; who contribute to their business; that their time, effort, and money are being used wisely. We show you how financial statements can enhance your non-profit organization:

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How Income Tax Deductions Work – Standard Vs. Itemized

With the tax season in full swing, filing your tax return should be at the top of your agenda. While this may seem like a daunting prospect, Georgen Scarborough Associates, PC is here to help. With our extensive knowledge in tax, we hope to shed some light on some of the more complex aspects of filing your tax return. In this case, the difference between standard and itemized deductions as well as when to file which.

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It’s Time for a Mid-year Checkup!

Time flies when you’re busy running a business. But it’s important to occasionally pause and assess interim performance — otherwise you’re likely to be surprised by the year-end results. When reviewing midyear financial reports, however, recognize their potential shortcomings. These reports might not be as reliable as year-end financials, unless a CPA prepares them or performs agreed-upon procedures on specific accounts.

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