When searching for an accounting firm to outsource your nonprofit's financial management, look for one with extensive experience in nonprofit accounting and tax compliance. The ideal candidate will have a deep understanding of the complexities of nonprofit accounting and be able to effectively communicate with you about your unique financial needs and goals. This will help ensure that your nonprofit remains in compliance with all tax laws and regulations.

Financial reporting is one of the most important ways a non-profit communicates with its donors and other stakeholders. Through financial reporting, the communities your nonprofit serves are assured of your regulatory compliance and that the funds you receive are directed toward your guiding mission.

The bankruptcy process can be a long and difficult one. In the current economic climate, with many businesses facing financial difficulties, more and more companies are finding themselves forced to file for bankruptcy or reorganize. This can be a daunting task, but it may be the best way for businesses to get back on their feet.

The solution to better data analysis is to find a system that can consolidate data across all entities and deliver it in a visual format. This allows clients to glean insights at a glance. Scrubbed has been doing this for its clients. In this blog, you'll learn how we can help your business too!

In a landmark move, President Joe Biden signs the Inflation Reduction Act of 2022 into law, covering numerous provisions to address energy security and climate change programs, deficit reduction, prescription drug pricing, and healthcare premiums.

Stockouts cost $684 billion every year worldwide, and addressing the issue is crucial for retail managers. In this two-part blog series, we'll look into tips on how retail managers can get a clearer picture of their company's out-of-stock problem.

At Scrubbed, we believe in giving back to the community and supporting local farmers. That's why we created a program that helps farmers sell their rice directly to consumers. By doing this, farmers are able to earn more money for their crops. This program not only benefits the farmers but also helps the local community as a whole. Check out their story!

This blog provides seven steps that biotech companies can take to improve grant tracking and cash flow. By taking these steps, biotech companies can ensure that they are efficiently and accurately tracking their grant expenses and maximizing the use of their grant funds.

Outsourcing for CPA firms can be a great way to improve efficiency and bottom line results. However, it's important to carefully consider all aspects of the outsourcing relationship before taking the plunge. In this blog, we'll teach you the 5 steps to a successful Onboarding.

Companies are beginning to set foot into unconventional investments, such as Bitcoin, and Ethereum, which are cryptocurrencies, a form of digital assets. With their tremendous potential for growth and unique portability and transparency, digital assets are an alluring venture. This can transform how financial markets operate, and investors interact with the traditional financial system.

In order to make informed decisions, Investors need access to financial and non-financial information about the companies they are considering investing in. What are these types of reports and how to prepare it? Read the full blog to find out.

Well, it seems like things just got a whole lot more complicated for private companies involved in leasing activities! Thanks to the new accounting standard (ASC 842) that is now mandatory, private companies are going to have to do a lot more number crunching than before. But I'm sure you're up for the challenge! After all, we've prepared a blog to help you get up to speed.

A proper internal control system is essential to running a viable, profitable business, whether you’re a public or private entity. Internal controls are the policies and procedures that help you manage and mitigate the financial and operational risks that can hinder your goals. Internal controls also ensure your financial data is accurate, reliable, and timely—so you can make informed decisions that optimize opportunities and build value.

Michelle primarily works with a large professional CPA firm, dealing with mortgage banker and private lender tax returns and supporting the firm’s tax provisioning services.

US tax law is complicated, especially to nonprofit organizations (NPO). So to help you successfully navigate the complexities of today’s tax code, we have compiled a list of best practices to follow.

Given the current market conditions, a slowdown in private equity investment within the sector is to be expected. As such, the funding environment for the remainder of 2022 is likely to look much different than what we’ve seen in recent quarters. What that means for early-stage biotech startups is that raising a new round of funding over the next year could become much harder and take longer than expected.

Clean, accurate financial records are essential for any company in any industry. But the complexities of a nonprofit create unique needs and challenges when it comes to bookkeeping and accounting.

Whether you’re an entrepreneur looking to launch your next big idea or a company founder ready to expand your existing product line, it’s a major step and a significant decision.

In 2022, Scrubbed proudly celebrates 10 years of providing high-quality accounting and finance services to companies around the world.

Proper financial reporting is essential to the health and regulatory compliance of nonprofit organizations, as well as building the integrity and credibility of the organization’s branding before potential and existing donors.