Cybersecurity Awareness Month
October is Cybersecurity awareness month. It is a time for all of us to think about online safety for the protection of our families, friends, co-workers and especially the elderly who are targeted by cybercriminals in a higher number than the general population. We at Matchbooks wish you all a safe and happy online experience […]
Corporate Bankruptcy: A Guide for Directors and Officers
If the firm is heading toward insolvency, consider discussing alternatives to bankruptcy with your outside counsel. These include: Corporate dissolution Out of court restructuring A merger/acquisition Liquidation Recapitalization Assignment of benefits When bankruptcy is the only option, consider if a chapter 11, which would allow the company to continue and keep many of the employees […]
Good Bookkeeping is Important
Picture yourself flying a small private plane in the middle of a storm. You can’t see where you are going, but you are making critical decisions about your life, the life of your passengers, and the plane’s health. It is like running a business without a professional bookkeeper, controller, and accounting software. You are risking […]
Non-Profit Board Director: Key to Strong Community
Volunteering is a beautiful way of improving your life and strengthening the community you reside in. It brings joy and happiness, new skills, and leadership qualities for you and the people around you. Nonprofit Directors report they feel healthier and happier, have less stress and have a deeper connection with the community. You will […]
The IRS recently posted the dirty dozen of scams.
These scams target HR and accounting professionals, consumers and charities to name a few. The old adage if it sounds to good to be true it probably is. If you have questions about a potential tax avoidance strategy or the legitimacy of a charity, work with your tax professional, bookeeper and lawyer to evaluate an […]
Best Credit Card Processor for your Non-profit?
Credit card usage has increased exponentially in recent years with the fastest growing groups, including Generation X, Z, and millennials. In 2018 Transunion reported 416.5 million credit cards. Nonprofits have reported a substantial increase in credit card donations due to covid, the war in Ukraine, and many international disasters that received support. Nonprofits rely on […]
Perks Employees Want That Won’t Break The Bank
The typical cost of hiring a new employee is between 15-25% of the employee’s salary. That means an employee with a salary of $50,000 will cost as much as $12,500 to write the ad, interview, run background checks, and then train. A survey of 201 CEO believes that the employee will not be fully productive […]
When and How is the Best time to sell a Business?
Best Time To Sell a Business? Deciding to sell your business is both an emotional and financial decision. Many of us have put years or decades into the company, and it can almost be like a family. You may be employing children or other family members, and their impact has to be considered. Experts agree […]
Should I consider an outsourced bookkeeping or consulting team?
Matchbooks provide virtual bookkeeping and business consulting services to small businesses and nonprofits. Clients benefit from our services because they receive affordable, professional services that are supervised by an independent CPA controller who specializes in your business. You know your business and we are a local Cape Cod company that knows bookkeeping and consulting. We […]
Finding Great Employees in a Tight Job Market
Finding Great Employees in a Tight Job Market There are 32.5 million small businesses in the US. Small companies create 1.5 million jobs annually and account for 64 percent of new jobs created in the US according to the bureau of labor statistics. They are all competing with other small businesses for employees and Fortune […]