TMG Thought Leadership

Budget Season is Coming: Four GOT Tips for Budget Planning

Posted by Diann Fufaro, CPA on Jun 11, 2019 2:16:37 PM

It’s hard to believe that we are almost halfway through the year and before you know it budget planning will begin. Although some may prefer to take their chances with the White Walkers rather than face another budget season, here are four tips that may help to conquer the fear of this process and help you to make it through.

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Topics: Accounting, Financial Audits, Financials, financial controls, budget

The Buck Stops at the Board: Key Financial Duties of a Board of Directors

Posted by Joseph Sapp on Jun 15, 2017 9:05:00 AM

The Board of Directors is a critical governing component of any non-profit organization. Not only does it play a pivotal role in nurturing the stated mission of its organization, but it’s financially responsible for the organization that it serves, both in terms of the financial viability of any activities the organization wishes to carry out as well as in terms of an organization’s overall financial state.

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Topics: Accounting, Financials, financial controls

Audit Season – TMG’s Version of March Madness

Posted by Joseph Sapp on Apr 3, 2013 3:43:41 AM

I typically love when March rolls around each year. It signals spring has arrived and along with it, warmer weather, the start of baseball season, and of course March Madness with the NCAA Final Four Tournament. However, there is another type madness that occurs during this time – audit season! Here at Talley Management Group, we facilitate and manage over 19 audits between the months of February and April.   Through the years and many audits, we have become experts at preparing for this process and ensuring that it is a smooth one leading to minimal, if any adjustments, clean opinions and reduced costs.
Similar to preparing for our NCAA bracket picks through research and thorough preparation, we have come up with some tips and tricks to prepare for the auditors visit which may help to make this process a bit less stressful.

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Topics: Accounting, Financial Audits, Ed Gorman, IRS Form 990, Thought Leadership

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