Entries by Tom Ross

The Biggest Legislative Turnaround of 2025: BOI Reporting Is OFF for Most U.S. Businesses

Imagine you are running a small business. You are juggling payroll, invoices, customers, and the never-ending stream of daily decisions. Then, late last year, you heard about a new government requirement called Beneficial Ownership Information (BOI) reporting. The rule said that nearly every business in the country, from one-person LLCs to growing corporations, would have […]

Presenting Financials to a Nonprofit’s Board of Directors

Nonprofits pose a special challenge to providers of bookkeeping services. The financials are complex and multilayered — and they must be presented to a board of directors that often lacks financial expertise and experiences frequent turnover. Because maintaining a variety of funding streams (public, private, grants, events, etc.) is vital to a nonprofit’s survival, the […]