by Pentacle-nextSteps | Sep 3, 2021 | 501(c)3, Accounting, Financial Resources
How to create your own bookkeeping system for arts businesses Managing your organization’s finances can tend to be overwhelming. Who gave us funds for what? Who is getting paid for their services? How do I show a final report to stay compliant with the grant I...
by Pentacle-nextSteps | Aug 20, 2021 | Accounting
What is an Independent Contractor? What types of professions work as Independent Contractors? In the professional services world, we know that lawyers, doctors, accountants, and others often provide their services to the general public as independent contractors....
by Brittany Couch | Aug 13, 2021 | Accounting, Fundraising
3 Terms Every Artist in Accounting Should Know These terms are essential for artist accounting Chart of Accounts It is important that your organization’s money moves are informed and precise. In coordination with your Budget and Financial Reports, a consistent...
by Pentacle-nextSteps | Jan 23, 2021 | Accounting
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 first step in any nonprofit audit or review is contacting an...
by Pentacle-nextSteps | Jan 23, 2021 | 501(c)3, Accounting
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. Any project or entity can be sponsored by a nonprofit fiscal sponsor if both...
by Pentacle-nextSteps | Jan 14, 2021 | Accounting, Volunteers & Interns
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 shortly after the calendar year ends. Any contractors...
