Business Brokerage & CPA Firm

990 reminders for preparing your own 990

June 16, 2014 by Greg DeFoor, CPA, CFE

Form 990 must be filed by a tax-exempt organization if it has gross receipts greater than or equal to $200,000 OR total assets greater than or equal to $500,000 at the end of the tax year (with a few exceptions).

Many organizations on the lower end of the $200,000 to $500,000 revenue range choose to prepare their 990 in-house. I understand the economies of that. I’ve reviewed 990’s prepared by members of their own organization and the new 990 form can be confusing at times. Here are some hints that I hope will be helpful in preparing your 990 in-house, if you choose to do so.

Crisis Management for Accounting and Finance

May 17, 2014 by Greg DeFoor, CPA, CFE

When you think about a crisis most of the time you think about a natural or man-made disaster involving emergency responders, grief counselors, insurance adjusters and the like, but crises can take the form of much more than just a natural disaster or employee incident and can involve much more than just the emergency responders most people think of when they think of a disaster.

What about the business management aspects of crises such as a natural or man-made disaster, the sudden death of an owner or key executive, employee sabotage or fraud, a complex business situation or a regulatory compliance issue?

Learn More About What to Do »

A Few Words About Fraud

May 17, 2014 by Greg DeFoor, CPA, CFE

When someone exhibits several specific behavioral red flags or has one trait that makes that person appear more abnormal in that area than someone should be, that person could be a potential candidate for fraudulent activity and may warrant a closer look at their work product and work relationships.

Learn To Recognize The Signs »