Zen Mensch Accounting

Not For Prophet:
Protect Your Mission With Best Practices

I love non-profits: the missions, dedication and eagerness to be of service.  Now you didn’t sign up as Executive Director to practice your accounting or legal skills, but without basic structure and controls the fruits of your labor can be washed away quickly.  The names and details have been changed in these examples: Years ago
+ Read More

Zen Mensch Accounting

Excuse Me? Your Hand Is In My Pocket
Embezzlement Made Easy

  You are a busy dentist and your bookkeeper signs the checks. You are president of a non-profit; the treasurer is supposed to co-sign large checks with the ED. But the treasurer  is out of town, and you trust the ED. Your Quickbooks password hasn’t been changed in seven years (Oh, you don’t have one.) The cash part of the business? It’s
+ Read More

Zen Mensch Accounting

(Easy) Obamacare Money
For You Business or Non-Profit

Don’t leave money on the table.  Lost in the hubbub about the error-plagued website roll-out:  There have been lucrative tax credits available to very small businesses and non-profits since 2010.  And they are about to get more lucrative. How lucrative?  For 2013, up to 35% of the premiums you paid for your employees.  For 2014,
+ Read More

So you want to start a non-profit

I Want to Form a Non-Profit
Part I: Are You Sure?

You have a charitable idea you and want to start a non-profit. Great! Aaronson Lavoie Streitfeld Diaz & Co., P.C. specializes in 501 (c) (3) applications, the most common form of tax-exemption. Before you plunge in, I have some questions for you. Can You Share Control?  501 (c) (3) organizations require a board of directors
+ Read More

1 2