Recently, Accounting Management Solutions was fortunate enough to add Jim Forbes, also the incoming Secretary/Treasurer to AARP’s National Board of Directors, to our New York City team. A senior corporate executive who made the transition to nonprofits 15 years ago, Jim says he saw his corporate world like a “high stakes poker game with a focus on the good hand and potentially reaping high rewards,” but he wanted to make a change to the nonprofit side of the finance world. He thought he would be stepping back a bit and that such a change would be easy to manage but quickly discovered this was NOT the case at all. MORE
On May 21 the IRS released guidance (Notice 2010-45) which provides the procedures under which an eligible taxpayer may apply for certification from the IRS of a qualified investment with respect to a qualifying therapeutic discovery project as eligible for a credit, or for certain taxpayers, a grant. MORE
When you hear about delays, the usual context is a planes, trains and automobiles saga of missed connections that is only funny if it happened to someone else. In finance, delays around audits or tax filings can mean fines, penalties and larger than normal fees for necessary work. MORE
Accounting Management Solutions, Inc.'s Rebeka Mazzone is just one of the experts featured in the 2010 nonprofit summer webinar series sponsored by Synthesis Partnership. MORE
For businesses and organizations with a June 30 fiscal year, now is the time to plan for year-end cut-off. Look closely at transactions in June through August to ensure they are captured in the correct fiscal year. This will make audit and tax preparation much easier. MORE
