May 18, 2012 – CLEVELAND – Skoda Minotti is
pleased to announce the acquisition of information technology firm,
PBnJ Solutions to its Technology Partners services group. As part
of the acquisition, Paul Winkeler, CISSP joins the firm as
principal.
Winkeler’s experience with PBnJ Solutions includes management
services, telecommunications and data protection. His skill
set complements and expands the Technology Partners’ existing
services offerings, as he brings on an assortment of...
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Thanks to Brad Nellis of the Northeast Ohio Software Association
(NEOSA) for a great interview and article on his blog,
highlighting Skoda Minotti and its extensive technology and
telecommunications practice - Skoda
Minotti Technology Partners.
Read an exerpt of the article below:
NEOSA members are a diverse lot:
software companies, web companies, IT services and so forth. But
our membership also includes an IT services provider embedded in a
CPA firm, Skoda Minotti Technology Partners. It does...
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This quarterly Not-For-Profit Standard includes the following
articles:
IRS Changes Position on Who Must Appove Governance
Policies
By Laura Kalick, JD, LLM in Tax
As you know, the form 990...
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August 30, 2011 – CLEVELAND – The Marketing
Services Group at Skoda Minotti is pleased to announce that online
marketing manager, Robert C. Goricki has successfully fulfilled the
requirements needed to become a Certified Search Engine Marketer
(SEM), as presented by the Search Engine Marketing Professional
Organization (SEMPO).
Achieving Certified SEM status validates that Goricki
understands and adheres to the search marketing industry’s
resources, best practices and standards. The certification...
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CLEVELAND, Ohio – Skoda Minotti, a CPA,
business and financial advisory firm, has been named a recipient of
The Plain Dealer’s second annual Top Workplaces 2011 award, for the
second year in a row. This honor was given to 132 companies,
nonprofits and agencies in northeast Ohio companies this year,
based strictly on survey results of their employees.
Survey results were gathered using an independent workplace
consultant. Employees were asked to indicate, on a seven-point
scale, how much they...
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As nonprofits plan for growth in a struggling economy, they must
take a careful approach to change. Failing to do so could result in
a loss of donors, a missed opportunity in structuring their boards,
or the potential misuse of social media.
As nonprofits look to grow, it is critical that they not lose sight
of the key resources and assets that they already have in place. It
would be a real shame to lose something of value in your efforts to
grow the organization.
Smart Business spoke with...
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We are currently in search of a Bookkeeper for a Non-Profit
client. This is a part-time position (21 hours/week)
Job summary: Responsible for preparing
client financial statements, monthly sales tax and payroll reports,
quarterly payroll reports, and other associated bookkeeping
services using QuickBooks.
Essential Functions:
- Prepare bank reconciliation.
- Prepare/input appropriate journal entries.
- Reconcile financial discrepancies by collecting and analyzing
account information.
- Prepare appropriate...
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CLEVELAND – Skoda Minotti is pleased to
announce an educational not-for-profit seminar, featuring
nationally recognized not-for-profit expert Dick Larkin, as well as
other industry experts, on June 21, from 7:45-11:30 a.m. at 700
Beta Banquet and Conference Center in Mayfield Village. The seminar
is free-of-charge.
Larkin is the Technical Director for Not-for-Profit accounting
and auditing for the Institute for Nonprofit Excellence in the
Washington, D.C. office of BDO USA, LLP. Previously he was...
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Uncertain Tax Positions:
Lessons Learned and a Look Forward
By R. Michael Sorrells, CPA
ASC 740-10, Accounting for
Uncertainty in Tax Positions (formerly FIN 48) was required to be
implemented by "public" non-profits, such as those with certain
tax-exempt bonds for years beginning after December 15, 2006.
However, the vast majority of nonprofit organizations were allowed
to defer this requirement until years beginning after December 15,
2008 (generally calendar year 2009 and fiscal years...
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Some restaurants are re-sizing their portions' sizes due to the
economy. When the IRS updated the Form 990 in 2008, they
designed it to re-size itself through 2010 – effectively having it
apply to more nonprofit organizations each year.
The Form 990 EZ is a smaller version of the 990 (think of a
kid’s meal vs. a double burger deluxe). Initially,
organizations with under a $1 million in revenue and under $2.5
million in assets could file the EZ. In 2009, the threshold
dropped to $500,000 in...
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This issue of the Nonprofit Organization Update includes the
following articles:
Moving Toward Clarity - IRS Releases 2009 Form 990
Changes
By Joyce...
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SFAS 157 – A Not-for-Profit
Perspective
By Dick Larkin
Nonprofit organizations use fair value accounting when they
are:
(1) required by certain accounting standards to use fair value for
certain transactions and balances, and
(2) permitted by certain other accounting standards to use fair
value for certain other transactions and balances.
Click
here for more of this story.
Endowment Funds and FSP 117-1
By Dick Larkin
A question has come up as to just what constitutes an endowment
fund for purposes of...
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Form 990 Schedule L is required for all nonprofit organizations
that answered questions 25, 26, 27, or 28 in Part IV of the Form
990 relating to transactions between various parties.
Transactions that are required to be reported on Schedule L
include:
- Excess benefit transactions
- Loans to and/or from interested persons
- Grants or assistance benefitting interested persons
- Business transactions involving interested persons
The definition of interested persons is different for each one
of these...
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Unfortunately, the downturn in the economy has effected many
not-for-profit organizations that provide invaluable services to
numerous communities and individuals. For some of these
organizations, management has thrown its hands in the air,
determined that they just cannot provide these services anymore,
and closed their doors.
A recent survey of about 100 not-for-profit organizations indicated
that about 90% of those organizations have been directly affected
by the downturn in the economy, some...
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Unfortunately, the downturn in the economy has effected many
not-for-profit organizations that provide invaluable services to
numerous communities and individuals. For some of these
organizations, management has thrown its hands in the air,
determined that they just cannot provide these services anymore,
and closed their doors.
A recent survey of about 100 not-for-profit organizations indicated
that about 90% of those organizations have been directly affected
by the downturn in the economy, some...
Read More >>