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Tax-exempt organizations should be cautious when engaging in activities that may not be substantially related to their exempt purpose. When an organization has a significant amount of revenue from unrelated business activities, the organization may owe a significant amount in tax or may even jeopardize its tax-exempt status.

As a CPA advising nonprofit clients, you’ll encounter this fundamental challenge: balancing mission fulfillment with financial sustainability. It's important to know some strategies for your clients to manage their cash flow.

Here are the lessons I've learned in my first quarter century of working in public accounting. There is still a long way to go in this business, but I am very excited about the future of the CPA profession and all its possibilities.

Safeguarding financial assets requires awareness, vigilance and proactive measures. By understanding the various scams and implementing protective strategies, elderly individuals and estate representatives can take steps to protect their assets and financial well-being.

Becoming a CPA today opens many doors. It’s up to the individual to enter them and find out what they like to do best.