Resources

If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Board time can be wasted, voting may be delayed and your organization may be unable to act when it needs to. Worse, board members might make decisions based on faulty information, negatively affecting your mission. Here’s […]

We are proud to feature our client, eMerge Americas in this edition of the Waters|Ortiz Accounting Advisor. eMerge is more than just an event—it’s an ecosystem that is transforming Miami into a global tech hub. eMerge has been at the forefront of building the South Florida entrepreneurial and tech ecosystem since 2014. In addition to […]

You might think that artificial intelligence (AI) is just about using computers to perform complex tasks that otherwise would require human intelligence. That’s part of AI. But several technologies fall under the AI umbrella, including machine learning, natural language processing (NLP), and robotic process automation. Here’s how tools such as these can help nonprofits cut […]

Related-party transactions and financial connections are a normal part of operating a business. But these arrangements have gotten a bad rap because dishonest people sometimes use them to disguise poor performance or dishonest activities. So, identifying related parties and evaluating your interactions with them are important parts of the external audit process — especially in […]

Budgetary shortfalls may have your nonprofits looking for new sources of support. If those sources are international, be careful. Activities such as soliciting donations, recruiting members, and selling products in foreign countries can raise tax and legal issues. Is there a need? Before your nonprofit adopts a global strategy, make sure that the need for […]