Budgeting can be mundane and often a task many of us do not look forward to completing; however, this new process allows you to take a completely different look at your budgeting process. You can get the budget you want, and not just the budget you have always had.
Whenever I visit a client’s office or family business, I often see young children coloring in the waiting room or solemnly asking when they might be allowed to go home. It is at these moments that I can’t help but to think of their future and the future of family...
During 2018, the Maine Legislature passed two Bills dealing with the future of marijuana business in Maine that are to become effective this week. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating rules. This...
During 2018, the Maine Legislature passed two Bills dealing with the future of the marijuana business in Maine that are to become effective this December. Both are designed to end the wild west nature of the industry but they have very burdensome tax and operating...
Last winter Congress passed the Tax Cuts and Jobs Act (TCJA) in an effort to lower income taxes for virtually all taxpayers. As a result, most Americans are expecting larger refunds this spring. Supporters of the bill believe this will help improve the economy, while...
Last December, one of the biggest (real news) headlines was the drastic tax reform working its way through the legislative process. The Tax Cuts and Jobs Act (TCJA) was officially signed into law by President Trump on December 22, 2017 and it represents the most...
Not-for-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or participation in a gaming activity. But special events don’t always meet their fundraising goals. In...
The Donor Bill of Rights was designed about 25 years ago as a blueprint of best practices for not-for-profits. Some critics have since asserted that the rights are out of date or not comprehensive enough. However, revisiting the list’s basic principles can help you...
The PFBF CPAs "Run the Numbers" 5K & Kids Fun Run started in 2010 and raised $1,700 for charity. Eight years later the race has grown in numbers, bringing in over $100,000 for various Maine charities thanks to their participants and generous community sponsors....
Has your not-for-profit’s program lineup remained unchanged for at least a couple of years? If so, consider using the tradition of spring cleaning to review your offerings. Some of your programs might be due for replacement. Clear out the closets Many nonprofits keep...