Help Staffers Boost Retirement Savings With a Roth 403(b) Plan

For-profit businesses with 401(k) retirement plans can offer Roth 401(k) plans to their employees. Likewise, not-for-profits can add a Roth feature. Roth 403(b) plans reward participants with tax benefits when they withdraw funds (as opposed Read More

Kirsch CPA Group

Mar 12, 2024

7 Tasks For a Successful Nonprofit Finance Committee

A nonprofit's finance committee oversees and keeps its board of directors apprised of the organization's overall financial health. This should be more than simply scanning financial reports. An active finance committee is crucial to maintain Read More

Kirsch CPA Group

Jan 29, 2024

Got a “Business” Idea? You Might Want to Form a Nonprofit

Do you have an idea for a new venture with social benefits or environmental applications? You can set up as a for-profit entity — such as a C corporation, S corporation or limited liability company Read More

Kirsch CPA Group

May 08, 2023

Is Your Financial Reporting on Target?

While your P&L paints a broad picture of financial viability, it may not be telling you the whole story. Too often, businesses have a financial reporting structure that makes it difficult to identify what’s driving Read More

Nick Roell

Mar 10, 2023

Meeting Your Organization’s Tax-Filing Obligations

The 2022 tax-filing deadline is fast approaching for many not-for-profit organizations. If you operate on a calendar-year basis, your filing deadline is May 15, 2023. Otherwise, you must file by the 15th day of the Read More

Kirsch CPA Group

Mar 02, 2023

What Are the Most Common Form 990 Mistakes Not-for-Profits Make?

Each year, your non-for-profit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the Read More

Kirsch CPA Group

Feb 16, 2023

What Does SECURE 2.0 Mean for 403(b) Plans?

The SECURE Act 2.0, a follow-up to the SECURE Act of 2019, was enacted in the waning days of 2022. This new law introduces sweeping changes for qualified retirement plans, including 403(b) retirement savings plans Read More

Kirsch CPA Group

Feb 03, 2023

Expanding Your Nonprofit’s Benefit Offerings

Many job seekers and others assume that not-for-profit organizations offer fewer or less-generous fringe benefits to employees than for-profit companies. But that's not necessarily true. According to a recent survey by the Nonprofit Times, 87% Read More

Kirsch CPA Group

Dec 14, 2022

Encourage Legacy Gifts to Your Nonprofit

If your not-for-profit focuses most of its fundraising energy on donors who can contribute to your mission and programs now, you may have neglected legacy gifts. Such gifts represent a portion of wealthy donors' estates Read More

Kirsch CPA Group

Sep 14, 2022

Avoiding Nonprofit Tax Traps

If your organization has met the IRS qualifications to be considered tax-exempt, the income you receive — such as donor contributions — is exempt from federal income tax. However, it's still possible for not-for-profits to Read More

Kirsch CPA Group

Aug 04, 2022