Written by Marifran. Re-verified before it is republished.
The firm's original articles, reorganized by topic. Where earlier posts cited thresholds or terminology that have since changed, the text has been corrected against current guidance and flagged for date-stamping.
Dimmed categories are part of the library structure and have no published article yet.
What must accompany a Massachusetts Form PC filing
Many Massachusetts organizations work with accountants who are not familiar with everything the annual Form PC filing must carry with it. Here is what the filing package generally includes — and where the financial-statement thresholds now sit.
Segregation of duties when the team is too small for it
Four responsibilities should not sit with one person. When staffing makes that impossible, compensating controls are the answer — not resignation.
Ethical compliance is a control environment, not a statement
Unethical behavior is a persistent problem in nonprofits and for-profits alike. Addressing it means examining what actually influences conduct inside the organization.
Corporate records: what a nonprofit must actually keep
Good corporate records preserve directors' limited personal liability and protect tax-exempt status. They are also the first thing an auditor asks for.
What donors look for before they give
Individuals, advisors and foundation grantmakers want strikingly similar information — and they want it presented in a way that respects their judgment.
Preparing for the auditor's request list
Fieldwork should confirm a record that already exists. When it becomes a reconstruction exercise, cost and findings both rise.
Restricted funding: build the documentation as you spend
Grant documentation reconstructed at reporting time is expensive and rarely complete. Built alongside the spending, it is neither.
Confirm before publicationEvery article carries a review date. Thresholds, terminology and external claims must be verified against current Massachusetts and federal guidance before launch; the Massachusetts filing article has already been corrected to the current $500,000 review / $1 million audit thresholds.