Allocating Functional Expenses for Your Nonprofit

By Julissa Canas, LSWG Staff Accountant Are you properly allocating your nonprofit’s functional expenses? Before FASB’s Accounting Standards Update 2016-14*, voluntary health and welfare organizations were the only nonprofits that were required… [more]

Additional 2020 Economic Impact Payments

You’ve probably heard that the IRS will be making millions of ”economic impact payments” (also called ”recovery rebates”) in the near future to help people stay afloat during this time… [more]

Aid Package Signed Into Law

After significant delay and controversy, President Donald Trump signed into law the $900 billion COVID-19 relief bill Sunday night, December 27, 2020.  The bill was passed by Congress on December… [more]

IT Controls in a Remote-Working World

By Eva Webb, CPA, LSWG Principal As information technology systems continue to evolve and change, it is critical that we understand the importance of the internal controls over our IT… [more]

Let’s Get Ready to CRUMBLE!

When LSWG throws down a cookie-baking challenge to staff–and then sweetens it with a $50 Downtown Frederick gift card first prize–our resident bakers can’t wait to start pre-heating their ovens…. [more]

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