Nonprofit Archives - Page 2 of 2 - Payne Nickles & Company - Ohio Accounting Firm, Business CPAs & Advisors

Ohio Attorney General’s office no longer accepting paper checks for charitable registration fees, late fees

The Attorney General’s office has made a change to payment options for the charitable sector. Effective September 17, 2020, paper checks will no longer be accepted as payment for charitable registration fees and late fees. All payments must now be made by credit card or e-check on the website through secure payment portal. Elimination of …

The Internal Revenue Service recently issued the 2020 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2020, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:: 57.5 cents …

Developing a Disaster Preparedness Plan

The widespread media coverage of natural disasters has left business owners with little excuse to be unprepared for hurricanes, tornadoes, earthquakes, forest fires, floods, and super storms. These calamities can strike wherever and whenever, and while there is no preparation for the physiological impact of a disaster, there is a way to give your business …

As a business owner, it is important to be able to read and understand the accounting terms found in your financial statements. Once you understand the basics of the financial statements, you can interpret what they mean to your organization’s financial health. Understanding your Financial Statements A Statement of Financial Position, also known as a …

The Internal Revenue Service recently issued the 2019 optional standard mileage rates to be used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. As of January 1, 2019, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) are:: 58 cents …

The influence technology has on businesses today is undeniable. Business professionals can leverage technology to reach, or even succeed, company objectives. To better position themselves for success in the digital marketplace, firm leaders should consider the following tips when building their digital identity. 1. Create a game plan It is important to show employees the …

As a small business owner, you probably like what you do and are good at it. Bookkeeping is most likely not your favorite thing to do. You may see it as a necessary evil and put record keeping off as long as possible, perhaps even until year end when it’s time prepare your tax return! …