For many nonprofits, budgeting season can feel overwhelming. Especially for organizations operating on a fiscal-year schedule, this time of year often becomes a race to plug numbers into spreadsheets and finalize next year’s expenses and that’s why we’re here to share tactics to help your budgeting season for Colorado Nonprofits. But strong nonprofit budgets are...
Big Hearts, Clear Missions Running a nonprofit in Colorado usually starts with a big heart and a clear mission. It does not usually start with dreams of spreadsheets, compliance rules, or reconciling donation reports at 9 p.m. after an event. And yet, that is often where we find ourselves. At Momentum Tax, we work closely...
Let’s call it like it is—most people think about taxes once a year… when it’s already too late to change the outcome. But the real money-movers? The smart ones? They know the secret sauce is in the mid-year review. Right now—smack in the middle of the calendar year—is your golden window to take control of...
As the new year approaches, it’s time to give some thought to a new budget. Being on top of your finances is a great way to start the new year out fresh and we want to help you get started on the right track! In this article, we will highlight the benefits of having a...
Analyzing the budget to actual report provides valuable insight into a business’s financial health and success. It’s a comparative tool that, in short, shows business owners how they are doing against how they projected themselves to be doing. To describe it in a bit more detail, the budget to actual report allows business owners to...