Mahoney | CPAs and Advisors

Not-for-profits generally reach a point where they're past the fledgling stage and growing at a good clip. That's when they typically want to assemble a professional board capable of guiding them through the next phase. Conflicts can arise during this process. We offer 10 tips to help avoid them.

In addition to mouse clicks, an experienced QuickBooks© user can operate faster using shortcuts. And their hands never seem to leave the keyboard! Using shortcuts, these users enter information at lightning speed. Read this article to find out how they do it.

The median fraud loss increased from $117,000 to $145,000 per incident over the last two years, according to a 2024 study published by the Association of Certified Fraud Examiners (ACFE). However, over the last decade, an increasing number of organizations have implemented fraud prevention and detection measures. Here's how your organization can use the study's findings to help protect against fraud.

We’re excited to share that, for the eighth consecutive year, Mahoney has been recognized as #TopWorkplace by Star Tribune! A big thank you to our dedicated employees who have fostered an exceptional work environment and shared their candid feedback to make this happen! #TopWorkplace #EmployeeEngagement #AccountantsAreFun #Mahoney

Mother nature can be unpredictable, and uncertainty creates risks for your business. Your business can limit the potentially devastating impact of weather-related emergencies by having a formal plan in place. This article describes a five-step process for creating a comprehensive emergency plan. The process can also be used to review and improve an existing plan, if you have one.

If your nonprofit has cut staff in recent years and you don't have the funds to call back old or hire new employees, you may have trouble meeting your mission. This article argues the merits of outsourcing some positions, particularly those that don't require intimate knowledge of your programs and donors.

Mahoney is excited to introduce our summer interns, Brittany Bordson, and Luke Weber!   Brittany is a Junior at Concordia – St. Paul and plays on the varsity soccer team. A fun fact about Brittany is that her birthday is on Christmas, so she gets double the presents! She will also be returning as an intern for the upcoming busy season.   Luke is a Junior at the University of Wisconsin-La Crosse. He is a big Green Bay Packers fan, and his favorite TV show is Breaking Bad.   Congrats to Brittany and Luke as we welcome them to the Mahoney team!

Fiscal sponsorships - a legal and financial umbrella - can benefit both established nonprofits and charitable projects that lack 501(c)(3) status. But before agreeing to sponsor a group, organizations should know how sponsorships work. This article discusses the advantages and responsibilities for both parties and describes projects that can benefit from a fiscal sponsorship.