by CFOE Team | Sep 10, 2024 | Nonprofit, Strategic Financial Leadership
SUMMARY: A financial committee ensures an organization’s financial health through budget oversight, internal controls, and long-term planning. However, they can become ineffective due to a lack of financial expertise, irregular meetings, over-reliance on leadership,...
by CFOE Team | Sep 10, 2024 | Financial Oversight, Nonprofit
SUMMARYA bookkeeper handles day-to-day financial transactions, an accountant ensures compliance and produces reports, while a CFO provides strategic financial leadership in a nonprofit organization. A seasoned CFO understands the importance of all three roles,...
by CFOE Team | Sep 7, 2024 | Small Business News
SUMMARY Trusts are legal tools ideal for managing and protecting significant assets, like homes or businesses, while reducing taxes and avoiding probate. For those unable to afford a trust, alternatives such as Payable on Death accounts or Transfer on Death deeds...
by CFOE Team | Aug 16, 2024 | Small Business News
SUMMARY The recent data breach compromising nearly every American’s Social Security number poses significant risks for business owners, particularly those operating as LLCs, S Corps, or sole proprietors, as it increases the likelihood of identity theft and...
by CFOE Team | Jun 17, 2024 | Small Business News
Deep Dive into the Atlanta Small Business Grants. 1. Atlanta Open for Business Fund: This program is a real game-changer for small businesses in Atlanta. It’s like a superhero swooping in to save the day, except instead of fighting crime, it’s fighting...
