5 Critical Tax Tips For Nonprofits in 2019

No one enjoys filing taxes, but it can be especially problematic for nonprofits. Many nonprofits focus on their cause so much that they neglect proper organization. As a result, they deal with disorganized records and systems, and a lack of clarity around tax issues....


For a business owner, taxes can be overwhelming and cumbersome. Tax deductions allow you to save thousands of dollars each year on your taxes and make tax filing a much more bearable experience. In this post, we'll list some of the tax deductions you can use to...

The Smart Business Owner’s List Of Tax Credits

One of the best ways to cut costs as a business owner is to take advantage of all the tax deductions and tax credits for which you're eligible. As a business owner, you're concerned with the bottom line--increasing your net profits. That probably means you spend most...

PRESS RELEASE: Cassidy Jakovickas, CPA of Fresno, CA Appointed to Intuit’s Accountant Council

Select Panel Advises on Products and Services that Accountants and Their Clients Want Most             FRESNO, CALIFORNIA – June 4, 2019 –Today, Intuit, Inc (Nasdaq: INTU) announced that Cassidy...

Beyond The Numbers: What We’ve Been Reading

Although our team loves using numbers and spreadsheets to help our clients make the best financial decisions, we also enjoy reading great books. Staying well read on both fiction and non-fiction books helps us hone our imagination and introduces us to new, sometimes...

Looking Back At April

It’s hard to believe that we’re at the end of April, but it’s true! This month, we helped our clients wrap up another great (and busy) tax season. There was, as always, a lot of paperwork, emails, and nail-biting involved in the days preceding April 15, but that’s all...

5 Last-Minute Tips For Filing Taxes in 2019

Well, April 15 is almost here, and the tax-related panic is thick. If you haven’t filed your 2018 tax paperwork and are rushing to get your taxes in by the deadline, we’ve decided to give you some last-minute tax advice that will hopefully help ease your stress....

An Introduction To Cybersecurity for Business Owners

Keeping your sensitive business and customer data secure has never been more critical. Whether you are a small business or a national corporation, you can't relax your defenses against those criminals seeking to take advantage of lazy cybersecurity policies. Virtually...

March News Roundup

Wow! It seems like we just started March and we’re already moving into April! As we move into the final stretch of tax season, we’re recapping this month’s news for you, just in case you missed it amid the tax-related hubbub. MBS Accountancy: November Review This...

4 Key Changes To Depreciation Under The TCJA

As the Tax Cuts and Job Act (TCJA) continues to be unraveled by tax professionals, it’s important to review the changes and their implications on business operations and tax strategies. In this article, we’ll highlight TCJA’s changes to first-year bonus depreciation,...

Non-Profit Case Study

A successful case-study for an MBS Accountancy non-profit client.
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Non Profit Success Stories 1
As a growing non-profit organization, the client felt they were in danger of outgrowing their existing accounting firm, internal bookkeeper and overall finance platform. They were also concerned about the scalability of their financial processes. Their year-end tax information was usually delivered right before the filing deadline and often contained surprising data due to the lack of clean financial information and visibility into their overall finance function.

They realized that in order to successfully launch a new non-profit, in addition to managing their current operations, they needed access to real-time data. Because they were growing and expanding during an economic low point, they were particularly concerned about the risks associated with sustaining their organization and needed confidence in their financials.


After building a relationship with the clients management team, we suggested a Client Assessment that would focus on evaluating their back-office functions. Our team proposed that the Client Assessment methodology could help identify more streamlined and automated financial reporting solutions.

The Client Assessment began with a quick-hit discovery evaluation of their current accounting processes and systems, as well as the financial reporting needs of the executive director and board of directors in order to manage daily operations and cash flow. After reviewing the data collected during the discovery phase, our team presented several different options and various recommendations that would allow the company to scale their processes and better support their growing operations.

One key recommendation was migrating their finance and back-office functions to our business process outsourcing platform. We worked closely with the client to determine the back-office needs that could be outsourced to the financial experts on our team. Because our platform is based on a Software-as-a-Service (SaaS) ecosystem, all systems are integrated on one platform.

As a result, our automated bill pay solution, allows the client to process bills electronically, and eliminates the need to re-key invoices. Invoices can be scanned into an electronic format, streamlining the accounts payable process. Bills can be approved by leadership from any location— whether they are on-site or in the main office. It also eliminates a large amount of unnecessary paper. Now our software ports information directly into their accounting system, eliminating the need to manually process payables.

Intacct, an SaaS based ERP system, allows for leadership to have real-time access to financial information. The entire solution, based on the Intacct platform, facilitates a much cleaner, efficient tax planning and preparation process. This is critical for the growing company, as it is easier to make effective business decisions. The new system provides management with detailed information about each programs operation and helps them determine a strategy for continued improvement.


In the time following the Client Assessment, the client, with more robust, accessible and credible financial information, the company has been able to continue their growth in a time when many businesses are scaling back operations. The assessment and subsequent engagement have provided additional functionality between their operations, as well as critical guidance and advance notice on accruing tax obligations. The company now has full confidence in the financial state of their business.

Our team has significantly enhanced the way that the client leverages technology. There are many firms that can help with back-office functions, but by delivering a technology-driven solution that integrates applications across all business functions, MBS Accountancy has helped the client save time and money while positioning the company for future growth. Other results of the engagement included:

  • Approving and paying bills remotely through a cloudbased application
  • Alleviating breakdowns and bottlenecks to critical business processes
  • Enhancing budgeting and planning capabilities
  • Producing reliable real-time financial information
  • Accessing better data to plan and project from a tax liability perspective

  • Allowing leadership to focus on their core business instead of back-office functions
  • Scaling of back-office resources as growth dictates