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...
Top 5 Quickbooks Set-Up Tips
January 31, 2022
Top 5 Quickbooks Set-Up Tips Managing your organization’s finances can be overwhelming and time consuming. At Pentacle, we use Quickbooks, an accounting software that helps you manage your financial...
Accrual Basis Accounting vs Cash Basis Accounting
November 16, 2021
What is Accrual Basis Accounting vs. Cash Based Accounting? Accrual Basis Accounting Accrual basis accounting refers to a major accounting method that recognizes revenues and expenses at the time...
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...
New York City Fiscal Sponsors
January 23, 2021
New York City Fiscal Sponsors List of Fiscal Sponsors in New York City Organizations that act as fiscal sponsors provide a vital service in the cultivation of new projects and entities. Learn more...
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...
5 Ways That You Can Benefit From Fiscal Sponsorship
January 14, 2021
5 Ways That You Can Benefit From Fiscal Sponsorship Fiscal Sponsorship Has Both Financial and Administrative Benefits Fiscal Sponsorship has many financial and administrative benefits. Fiscal...
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...
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,...