What is a Chart of Accounts (COA)?
May 14, 2024
What is a Chart of Accounts (COA)? Why is a Chart of Accounts (COA) important for your bookkeeping practices? A Chart of Accounts (COA) is a list of the accounts that an organization has identified...
Financial Audit Vs. Financial Review
May 1, 2024
Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and...
Tips for Obtaining Institutional Funding
April 23, 2024
Tips for Obtaining Institutional Funding Development & Fundraising through Institutional Funding Everyone needs money, and if you are an artist, nonprofit, or dance organization, a good chunk of...
Workers Classification in the Performing Arts: Why Does It Matter?
May 19, 2022
Workers Classification in the Performing Arts: Why Does It Matter? NEXTSTEPS GUEST WRITER: STEFI GEORGE How You Classify Workers Can Make a Big Difference for Workers Compensation and Tax...
Employee versus Independent Contractor
August 20, 2021
Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the...
Checklist for Processing 1099’s and W2’s
January 14, 2021
Checklist for Processing 1099’s and W2’s End of Year Payroll Tax Forms: W2, 1099 Some of the most important payroll tax forms—W2 and 1099 forms—must be mailed out to your employees and contractors...
Finding the Right Grant Funders for You
January 8, 2021
Finding the Right Grant Funders for You: Essential Tips NEXTSTEPS GUEST WRITER: ANNA BRADY MARCUS Grant writing means finding the right grant funders for your organization Getting started with grant...
Quickbooks Desktop versus Online Accounting Software
December 14, 2020
Quickbooks Accounting Software: Desktop versus Online Options Comparing Quickbooks Accounting Software: Desktop versus Online Options If you’ve already chosen Quickbooks as your accounting software,...
What is a 501(c)(3) Nonprofit?
November 16, 2020
What is a 501(c)(3) Nonprofit? 501(c)(3) Nonprofit In the arts industry, a common level of incorporation you may come across is a 501(c)3 not-for-profit. Under this incorporation, the nonprofit...
Bookkeeper vs. Accountant
November 16, 2020
Bookkeeper vs. Accountant The terms bookkeeper and accountant are often used interchangeably. However, they both hold very different roles. So what is the difference between a bookkeeper and an...