Nonprofit trade associations, or 501(c)(6) organizations, exist to promote their members’ common interests and improve business conditions. But your association doesn’t qualify for tax-exempt status if it exists only to perform services for individual...

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CPAs typically report historical financial performance. But sometimes they’re hired to predict how a company will perform in the future. There are three types of prospective reports: forecasts, projections and budgets. Though these terms...

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A not-for-profit can have many strengths — a prominent board of directors, dedicated volunteers, committed staff members and effective programs — and still struggle to meet fundraising goals. Often, such nonprofits lack a strategic...

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