Your broker dealer audit is easy to prepare for if it’s treated as a work-in-progress throughout your company’s fiscal year. Viewing it as an ongoing project requires your business to stay compliant with current guidelines and regulations. This means implementing new measures as they come, reducing large scale interruptions to your business. Part of preparing […]
Top “Rent Ready” Criteria to Satisfy Your New Tenants
Potential tenants start their apartment or rental property search by looking for units within their budget and target community. After they single out units for further investigation, they consider additional factors, such as unit amenities (dryer/washer, dishwasher, etc.), pet policies, and carports. Sometimes they look for units that allow cannabis use or growth. Though you […]
The Risk of Leasing Your Home to Cannabis Growers
It’s not illegal to grow cannabis in the City & County of Sacramento, but there are strict restrictions that are published by large fines. If a resident is caught growing more than the legal limit of six plants, law enforcement can cite the property owner an Administrative Penalty for Cannabis Cultivation. Unfortunately, this means that […]
A Quick Guide to Your First Broker Dealer Audit
The requirements for broker dealer audits exist to protect investors from unregulated activity. Though broker dealers are expected to conduct their own internal investigations, external entities agencies are necessary for objectivity. Once a year, investment advisory and venture capital firms that are registered with the Public Company Accounting Oversight Board (PCAOB) must audit their broker […]
Working with another nonprofit? Here’s how to divide up financial reporting.
Sometimes, nonprofit organizations will work with other companies to accomplish things better together. With these arrangements, both companies can save money and do their job more efficiently. Working with other companies is often a great idea, but it is critical that your accounting departments know how to accurately report these collaborations to the government. Reporting […]
Failed to file your Form 990s? Here’s how your nonprofit can regain tax-exempt status
Not-for-profit companies must stay up to date on filing form 990 or 990-N with the IRS in order to maintain tax-exempt status. If at all possible, it’s best to avoid losing tax-exempt status in the first place, because failing to uphold California nonprofit audit compliance requirements means your company may be subject to corporate taxes […]
Thoughts on Finding a New Executive for Your Nonprofit
One of the things we talk to businesses that use our nonprofit audit services is the necessity of planning ahead for an executive search. Although your company might not be concerned about the immediate loss of your executive, knowing how you will find the next one in advance is advantageous. That’s because it normally takes […]
Strategic planning: Not exclusively a vision of the future
As a complement to our California nonprofit audit services, we help companies with strategic planning. This term makes most people think of long-term planning, but there’s another approach to consider as well. Real-Time Strategic Planning (RTSP) allows your nonprofit more flexibility when looking to the future. Opportunities and challenges can present themselves at any time, […]
What Every Nonprofit Should Know About Issuing Receipts for Nonprofit Fundraisers
If you’ve run a nonprofit for any period of time, the chances are your company has held fundraisers. While these events are often a lot of fun and raise a large amount of money at the same time, they also involve careful reporting of donations and the issuance of receipts. At Ernst Wintter and Associates, […]