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...
5 Questions to Ask When Hiring an Intern
January 23, 2021
5 Questions to Ask When Hiring an Intern It’s key to ask an intern these questions before hiring them. Here are a few questions for employers to ask a potential intern, in order to learn...
5 Questions to Ask Your Auditor
January 23, 2021
5 Questions to Ask your Auditor What are the key questions to ask an independent auditor? Nonprofits are required to obtain an audit or review each year, depending on their budget size. 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...
What is a S Corp?
January 9, 2021
What is a S Corp? Definition of S Corp for Those in the Performing Arts An S corporation (S corp) is defined as a legal business entity that is taxed as a partnership rather than separately from its...
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...