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ProfitSense

Cindy TorresJanuary 24, 20234 min read

Single Audit Requirements for Nonprofits that Receive Federal Funds

Government funding brings some rather complicated reporting and ...
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Jon Wellington, J.D.January 24, 20232 min read

Increased Risk for Retailers: Changes to Public Law 86-272

When it comes to filing income tax returns in states where a taxpayer ...
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Justin Lewis, CPADecember 14, 20223 min read

7 Ways Construction Companies Can Prepare for a Possible Recession

Inflation and increasing interest rates have made many people nervous ...
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Chadd DearenDecember 7, 20223 min read

3 Ways Not-For-Profits Can Save Money in the Face of Inflation

Inflation has recently soared to the highest levels the United States ...
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LGT StaffOctober 11, 20226 min read

Reducing Negative Effects from Poor Manufacturing Inventory Management

Your manufacturing company's lifeblood is often focused strongly on ...
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LGT StaffOctober 6, 20224 min read

Addressing Weaknesses in a Not-For-Profit’s Budget

Budgeting for the year ahead can often get pushed to the back burner, ...
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LGT StaffOctober 6, 20224 min read

The Inflation Reduction Act Targets Energy Efficiency Improvements

The Inflation Reduction Act (IRA) was signed into law on August 16, ...
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Jon Wellington, J.D.September 14, 20222 min read

Turn your Sales Tax Compliance from a Burden to a Benefit

Regulatory and tax compliance can be a real burden for dealerships, ...
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Jessica BrownSeptember 13, 20225 min read

How Charitable Organizations Ensure Donors Receive Tax Deductions

Charitable organizations rely on donor support to maintain their ...
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LGT StaffSeptember 13, 20224 min read

The 6 Best Ways to Strengthen Your Internal Controls

Whether you are a manufacturer or a distributor, operate in the ...
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Justin Lewis, CPASeptember 13, 20224 min read

Mitigating Cybersecurity Risks in the Construction Industry

Cybersecurity is a major concern for almost every industry, with each ...
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Kyle Pacheco, CPA, CCIFPJuly 11, 20225 min read

How to Manage Workforce Challenges in the Construction Industry

Since the return to “normal” after the onset of the COVID-19 ...
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Babita Sherchan, CPAApril 11, 20223 min read

Comprehensive Guide to Planned Gifts for Nonprofits

Planned gifts, also called legacy gifts or deferred gifts, is an ...
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Eric MotteApril 11, 20224 min read

Balancing Inventory Costs for Manufacturing Profitability and Growth

For many companies, especially manufacturing firms, balancing your ...
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LGT StaffMarch 15, 20223 min read

5 Dealership Accounting Processes That Need Revamping

If you ask some dealers why some accounting functions are being done ...
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Matt Dobay, CPA, MAccMarch 15, 20222 min read

Record Retention Guide: How Long Should You Keep Your Tax Documents

With the winter season behind us and warmer weather ahead, spring ...
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LGT StaffMarch 15, 20224 min read

Developing and Maintaining a Nonprofit Planned Giving Program

Many nonprofit organizations develop planned giving programs to ...
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Aden Pham, CPAAugust 11, 20214 min read

Benefits of ESOPs for AEC Companies

Planning an exit strategy from your successful architecture, ...
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Babita Sherchan, CPAAugust 11, 20216 min read

Nonprofits Benefit from Effective Grant Management

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Sheryl GradyAugust 11, 20213 min read

How to Strategically Approach Buying Another Dealership

Generally, dealerships have experienced strong performance as more ...
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