If your tax-exempt nonprofit organization utilizes annual fundraising events to raise money, you’re not alone. Many nonprofits host dinner galas, golf tournaments, runs/walks, carnivals, concerts, etc. to raise awareness and funds for their cause. And for many small to mid-size nonprofits, these special events are major sources of revenue that support internal operations which deploy the organization’s mission.
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Does Your Business Need a Financial Statement Audit?
As businesses are formed and as they grow, one question often asked by owners and chief financial officers is whether their companies would benefit from an audit. As you might have guessed, the answer depends on a number of factors specific to each company.
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WATCH: Deanna Salo Shares Her Experience as a Woman in Accounting
This week Deanna Salo, CK Principal, joined Marcus Newman from GCG Financial on his WCPT 820 radio program, “One More Good Idea”. Deanna not only shared her experience as a woman in accounting but she also tells the story of how she grew to become a partner at Cray Kaiser.
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Upcoming Tax Deadlines – 2019 Q3
Be sure to mark your calendar and allow time to prepare for these upcoming tax deadlines.
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Cray Kaiser’s Mission, Vision & Core Values
We are incredibly proud of the Mission, Vision and Core Values that our team created together. Whether you are a member of our staff, a valued client, a trusted partner, or a member of our community, we think each component will resonate with you and your experience working with our firm.
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IRS Audits: Are You Next?
Have you ever wondered what the odds are of your return being audited? This is somewhat of a mystery to taxpayers and unfortunately there is no concrete answer. Audits are generally selected at random, but there are a few things that may flag your return for an audit.
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What Our Clients Say About the CK Way
At Cray Kaiser, we believe the relationships we build with our clients make us more than just an accounting firm. Client satisfaction is our number one goal, which is why we solicit feedback each year via an online survey. Through the use of the Net Promoter Score (NPS) method, we are able to determine if we are providing our clients with long-term value while developing their loyalty.
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How to Combat Common Payroll Fraud Schemes
According to the Association of Certified Fraud Examiners, nearly 30% of businesses are victims of payroll misconduct, with small businesses twice as likely to be affected than large businesses. Here are four payroll fraud schemes that every business should be aware of.
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Illinois Manufacturers to Receive a Sales Tax Break on Supplies
Recent tax legislation has now expanded the manufacturing sales tax exemption in Illinois. For purchases made on or after July 1, 2019, any production-related, tangible personal property used or consumed in the manufacturing process qualifies for the sales tax exemption.
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How to Understand and Manage Your Cash Flow
You certainly know that profit and cash flow are both important elements of a healthy business. But what’s the difference? And what can you do to achieve positive cash flow?
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