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Tax-exempt organizations should be cautious when engaging in activities that may not be substantially related to their exempt purpose. When an organization has a significant amount of revenue from unrelated business activities, the organization may owe a significant amount in tax or may even jeopardize its tax-exempt status.

As a CPA advising nonprofit clients, you’ll encounter this fundamental challenge: balancing mission fulfillment with financial sustainability. It's important to know some strategies for your clients to manage their cash flow.

Here are the lessons I've learned in my first quarter century of working in public accounting. There is still a long way to go in this business, but I am very excited about the future of the CPA profession and all its possibilities.

Accounting educators today can implement a few strategies that will better integrate technology topics with zero or almost zero cost to students, such as crypto case studies and AI experimentation.

While there is great value in the traditional classroom format, students also desire flexibility that works with busy schedules. Colleges that adapt will be in a better place to hold the interest of students.