Industries: Nonprofits and Associations

The Benefits of Integrated Budgeting & Planning

This post was originally published on the Sage Intacct Blog What does it take to successfully manage your business or nonprofit? How do you measure success? To answer these questions in the simplest form, you must have a plan, identify objectives to meet it, and identify metrics to measure progress toward your identified objectives. For…

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The Top Five Limitations of QuickBooks

For many small and mid-sized businesses, Intuit QuickBooks is usually the first choice for financial software in the organization’s early days – and for good reasons.  QuickBooks is well-known and very easy to use, and it offers the basic functionality that almost any business can use to get off the ground. Unfortunately, virtually every growing…

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PPP Loan Changes Included in the New Appropriations Act

The Consolidated Appropriations Act (CAA) extends, liberalizes and expands the Paycheck Protection Program (PPP). Originally established by the CARES Act, the PPP expired on August 8, 2020. Now the CAA resurrects it. Here are the most important things small businesses should know from this section of the new law. Second-Draw Loans Under the new law,…

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2021 New Year’s Resolution: CMMC Preparedness

The Office of the Under Secretary of Defense for Acquisition and Sustainment (OUSD A&S) introduced the Cybersecurity Maturity Model Certification (CMMC) in January 2020 as a unified cybersecurity standard for new Department of Defense (DoD) acquisitions. Combining NIST and other cybersecurity frameworks, CMMC is intended to measure cybersecurity maturity using a unified framework that includes…

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New Appropriations Act Includes Disaster Tax Relief

You’ve probably heard about the massive new Consolidated Appropriations Act (CAA), which provides direct payments to eligible individuals and contains other provisions to help mitigate the effects of COVID-19. But it also provides several tax-relief measures related to qualified disasters. Here’s a summary of the key provisions. Deduction Rules for Personal Qualified Disaster Casualty Losses…

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