Articles

Buy or lease? Both can benefit nonprofits

If your not-for-profit owns its own facility, it likely will have more control of workspace than if you lease. However, ownership carries risks — and leasing can provide several advantages. If you’re trying to make a buy-or-lease decision, be sure to weigh the following factors. Equity in owning Buying a facility allows your nonprofit to […]

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Wielding Benford’s Law to find fraud

Benford’s Law is a long-standing statistical precept that remains as relevant and widely accepted in fighting fraud as ever. By wielding it effectively, experts can cut down fraudsters who unknowingly reveal their wrongdoings in dubious digits. Historical background The rule is named for Frank Benford, a physicist who noted that, in sets of random data, […]

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Businesses must report unclaimed property

Are you aware that companies doing business in Ohio are required to report unclaimed property from dormant accounts to the Ohio Department of Commerce? Even if the company has no unclaimed property, a negative or “none” report is still required to be filed. For non-life insurance companies, the deadline for reporting is Nov. 1 for […]

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A’Shira Nelson, CPA featured in OSCPA Podcast

HW&Co. Senior Accountant, A’Shira Nelson, CPA was featured in the OSCPA’s ‘CPA Takeaways’ this week. A’Shira joined The State of Business podcast to discuss how she paid off her student loan debt in two years. She also offers advice for others looking to do the same. “I knew I needed to create some type of […]

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Fight fundraising obstacles with personal appeals

It’s no secret that this is a challenging time for charitable fundraising. In its annual Giving USA 2019 report, the Giving USA Foundation noted a decrease in individual and household giving, blaming such impersonal factors as tax law changes and a wobbly stock market. So why not fight back by making personal appeals to supporters? […]

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