Preparation

3 Nonprofit Considerations During High Growth Times

By |2020-10-19T10:50:22-05:00September 22nd, 2020|Nonprofit, Performance Measurement, Preparation|

The number of nonprofit organizations in the U.S. with an annual revenue of over $1 Million has increased dramatically over the last decade. During high growth times, organizations must dedicate time to their reporting needs; as revenues increase, so do expenses. To maintain accurate and relevant financial reporting, organizations need to properly organize expenses, analyze [...]

How to Improve Employee Engagement in a Remote Workplace

By |2020-10-19T10:50:03-05:00August 11th, 2020|Change, COVID-19, Employment, Performance Measurement, Preparation, Tips|

There is no denying that the year 2020 has changed the current state of how we work individually, and how we work as a member of a team. The events of 2020 will also more than likely become a catalyst for how we work in the future. During the last six months, I think it’s [...]

Succession Planning: What Got You Here Won’t Get You There; Or Will It?

By |2020-10-19T10:57:30-05:00July 21st, 2020|Advisory, Change, Goals, Preparation, Succession Planning|

You’ve built a successful business, and now you’re ready to move on. However, thinking about how to get out of the business you spent your life getting into can be uncomfortable. There’s a lot to consider, strategically and emotionally. Successful transitions don’t just happen, and unsuccessful transitions can undermine everything you’ve worked for. Only 30% [...]

Top Five Ways to Survive and Thrive Financially During Economic Uncertainty

By |2020-09-21T14:34:37-05:00June 23rd, 2020|Advisory, Cash Flow, COVID-19, Economy, Goals, Hello Iowa, Performance Measurement, Preparation|

Undoubtedly, there’s a lot of uncertainty and change happening around us. This volatility can make us feel like we should hold tight and be reactive to what happens. But times of crisis and economic uncertainty can create opportunities for us to accelerate changes that we needed or wanted to happen anyway. Here are the Top [...]

Evaluating Deal Structures For a Business Transition

By |2020-03-31T14:18:48-05:00March 3rd, 2020|Advisory, Business Valuation, Change, Gifts, Preparation, Succession Planning, Tax Planning|

  The time has come to begin transitioning out of the business you’ve spent your life building, but where do you begin? Whether you are selling to family, current employees, or an outside party, there are several deal structures to evaluate. We’ll discuss things to consider with various structures but always encourage you to establish [...]

How to Prepare for a Single Audit

By |2020-01-16T15:19:45-06:00January 15th, 2020|Assurance, Compliance, Internal Control, Nonprofit, Preparation|

  Does your organization receive federal funding? If the answer is yes, then you’ve probably heard of a “single audit.” A single audit is required when a non-federal entity expends $750,000 or more in federal awards during the fiscal year. If you are a recipient of federal funds and have exceeded this threshold, then you [...]

Increasing The Value of Your Business

By |2020-10-01T17:32:57-05:00December 14th, 2019|Advisory, Business Valuation, Change, Goals, Internal Control, Investment, Preparation, Sell, Value|

Have you ever wondered, “What is my business worth?” You’ve worked hard and are committed to the success of your business, but you might be considering retirement or pursuing a different career path. You may want to sell to an outsider or your children that are actively involved in the business. Regardless of the [...]

Should Gifting Be Part Of Your Succession/Transition Plan?

By |2020-01-16T15:29:45-06:00October 5th, 2019|Accounting, Advisory, Agriculture, Gifts, Preparation, Succession Planning, Tax, Tax Reform, Tax Services, Value|

There has been a lot of commotion in the gifting arena recently. Gifting is something to consider when moving farm assets from one generation to another. Particularly land if the intention is to keep it in the farming operation indefinitely. Timing may be of the essence when it comes to gifting decisions and getting [...]

Book Review – Traction: Get A Grip On Your Business

By |2020-01-16T15:02:24-06:00September 6th, 2019|Advisory, Change, Goals, Preparation|

Do you feel like you get caught up in the day-to-day details of your business and never have the opportunity to work on the business itself? This is exactly how our firm’s leadership group felt here at TDT. Fortunately, we found Traction: Get A Grip On Your Business, by Gino Wickman, and it changed [...]

Data Security: Is Your Organization Doing Enough?

By |2019-12-09T13:12:32-06:00August 14th, 2019|Assurance, Board, Fraud, Internal Control, IT, Nonprofit, Preparation, Tips|

The term data security broadly refers to defensive measures put into effect to prevent unauthorized admission into computers, databases, websites, and any other places data may be stored. Data security is typically applied to systems which protect personally identifiable information (PII). Examples of more sensitive PII include social security numbers, driver’s license numbers, full [...]

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