Monthly Archives: May 2017

What is an Audit and Why Do I Need One?

By |2017-07-16T13:51:35-05:00May 25th, 2017|Assurance, Nonprofit|

Dan Montgomery, a CPA and Senior Assurance Associate at TD&T, explains what an audit entails and why audits are important.  With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities and employee benefit plans.  Dan is a member of the American Institute of Certified Public Accountants and the Iowa Society [...]

Reasons to Have a Will

By |2020-01-03T09:19:34-06:00May 18th, 2017|Change, Estate Planning, Executor, Gifts, Long-Term Care, Trust|

Most people have probably heard advice from someone that they should have a will.  When pressed for reasons why, those giving the advice may have trouble coming up with something more than, “for tax purposes” or “to avoid probate.”  Here’s a summary of the benefits of having a will and keeping it current.   Naming [...]

Record Keeping: How Long Do I Need to Keep Records?

By |2019-05-14T09:40:19-05:00May 11th, 2017|IRS, Mail, Records, Tips|

“Our clients ask all the time how long they need to keep records,” according to Lyndi DeVries.  Advice differs somewhat depending on the source, but some common-sense guidance can help you answer this question for yourself and your company.   What Records Do You Need to Keep? The nature of your business will probably determine [...]

Do You Have The Right Type of Budget For Your Nonprofit?

By |2017-07-07T15:49:41-05:00May 4th, 2017|Budget, Goals, Nonprofit, Saving|

Amanda Lane, Tax Manager at TD&T CPAs and Advisors, P.C., provides an overview of budgeting for non-profit organizations in this quarter’s newsletter.  Amanda serves social service organizations, colleges and universities, membership organizations and many others throughout Iowa. Budget Planning Starts with Knowing Yourself and Your Organization More clearly, you need an objective understanding of your [...]

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