by MCCITStaff | Feb 29, 2024 | News
by MCCITStaff | Feb 29, 2024 | Nonprofit
Some provisions of 2022’s SECURE Act 2.0 (a follow-up to the SECURE Act of 2019) have been in force for over a year — including several that affect 403(b) retirement plans. If your nonprofit offers staffers a 403(b) plan, you likely made some minor changes in 2023 and...
by MCCITStaff | Feb 28, 2024 | Valuation
By Cavin Armour and Kevin Zanni Whether a valuation analysis is prepared for litigation purposes, financial reporting purposes, or taxation related purposes, management prepared financial projections are an important value component. We recently read and discussed the...
by MCCITStaff | Feb 27, 2024 | Accounting
The top line of an income statement for a for-profit business is revenue (or sales). Reporting this line item correctly is critical to producing accurate financial statements. Under U.S. Generally Accepted Accounting Principles (GAAP), revenue is recognized when it’s...
by MCCITStaff | Feb 22, 2024 | Nonprofit
In January 2024, the U.S. economy added 353,000 new jobs. At a current rate of 3.7%, the unemployment rate has remained lower than 4% for two years. Although that’s generally great news for jobseekers and the economy, it tends to make the task of hiring nonprofit...
