Remove Auditing Remove CFO Remove Investments Remove Profit and Loss
article thumbnail

Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

Does your nonprofit have ownership of a for-profit entity? Whether your organization owns a for-profit company outright or has limited ownership, a for-profit subsidiary can have serious tax implications for your nonprofit. Nonprofits with excess holdings may face an excise tax on the value of shares over the limit.

article thumbnail

The business value of fractional CFOs

Future CFO

While it is common to find a chief finance officer (CFO) helming a large or multinational organisation, the costs associated with having one in-house can be a hurdle for smaller organisations. According to payscale , the average base salary of a CFO in Hong Kong is HK$1,351,820 per year. Hiring a CFO when money is the problem.

CFO 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Budget Tracking for Nonprofits

The Charity CFO

It’s easy to audit a nonprofit budget to check for potential errors and reduce the possibility of fraud. At The Charity CFO, we like to do the latter because we feel it leaves you with a more realistic budget base. At The Charity CFO, we like to do the latter because we feel it leaves you with a more realistic budget base.

article thumbnail

Is Robinhood Safe? – Good Financial Cents®

CFO News Room

It was founded in 2013 by two Stanford roommates, Baiju Bhatt and Vlad Tenev, who wanted to make investing simpler and more accessible to everyone. They also offer educational resources to help users learn the basics of investing. Their CRD # 165998 which can be found on their FINRA BrokerCheck firm summary. Is Robinhood Safe to Use?

article thumbnail

What Are The 4 Components of Financial Health?

CFO Share

Strategies to consider include: Run a profitable business or raise sufficient equity capital to support losses while growing Avoid excessive debt Optimize revenue (i.e. Operational Efficiency This factor measures the efficacy of a business in converting its investments into profits.

article thumbnail

Understanding Unrelated Business Income in Nonprofits

The Charity CFO

As a result, Congress implemented the UBIT in 1950 to eliminate the unfair advantage tax exemption gave to nonprofits competing against for-profit entities in the same sector. For example, the UBIT prevents an entity such as a church from using its exempt status to open a store purely for profit with no charitable purpose. Interest. ??

article thumbnail

The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

Myth #1: Nonprofit Accounting is Completely Different from For-Profit Accounting One reason accountants seeking a new role may steer clear of a nonprofit accounting position is that they assume the methods are completely different. In the for-profit world, revenue is typically only recorded when earned or cash has been collected.