At Blue Fox, we are committed to sharing valuable resources to our friends and clients in the nonprofit, social impact and small business sector. As an Intuit QuickBooks affiliate, we wanted to share some insightful, on-demand educational videos from the 7th annual QuickBooks Connect Conference. Thousands of small business owners and accountants from around the world tuned in to connect, learn more and hear the latest insights from industry experts to help propel their organization.
We wanted to highlight some of our favorite breakout sessions in case you have some free time to check them out.
1. When competition becomes collaboration: How to build your community | QuickBooks Connect 2020
In this 40 minute recorded video, Misty Megia shares three strategies she uses to help companies build communities and turn “competitors” into collaborators.
2. QuickBooks Money: Control your cash flow | QuickBooks Connect 2020
Rania Succar, Senior VP for Quickbooks Money Platform, Intuit, shares a high-level overview in this 6 minute video.
[Also, our brilliant CEO Chantal Sheehan at Blue Fox shared an awesome overview about cash flow and 12 ways to steward your organization with revenue and expenses - it’s a must read!.]
3. How to RISE and thrive in times of change
Change is challenging which we all learned first-hand in 2020. Joyel Crawford explains an action planning tool that can help organizations increase productivity amidst any changing circumstances.
4. Helping clients weather the storm
In a 50 minute recorded session, Geni Whitehouse, CPA.CITP, CSPM talks tools and processes to help accountants standardize their advisory services and client support .
There’s a wealth of valuable content on-demand through QuickBooks Connect and we hope you find some great takeaways to help your organization. Fun fact: We are a proud Intuit Quickbooks affiliate and ProAdvisor.
As always, our team is happy to answer questions and help your organization navigate current financial challenges. Give us a call at (321) 233-3311 or email firstname.lastname@example.org.
If you’re like us, your daily inbox is jam-packed with newsletters and educational opportunities from like-minded social impact leaders. These spectacular humans work around the clock to foster positive change in their communities. Then, somehow, find time to share their story with fellow nonprofit enthusiasts. We tip our hat to them!
Here are just a handful of our favorite nonprofit resources this month:
(Online Class) Be an Effective Board Member (Required to Create Free Account)
(eBook) 10 Ways to Diversify Your Nonprofit’s Fundraising Efforts and Raise More
(Article) Trends in 2021 Corporate Partnerships and CSR
(Webinars) Bloomerang’s Upcoming Webinar Series
(Article) 32 Nonprofit Leaders Who Will Impact the World in 2021
Thanks for stopping by to read our picks for top nonprofit news this month! If you’re interested in hearing more from us, subscribe to our newsletter today!
About Blue Fox: Our team provides customized, boutique financial and back office services for social impact organizations. Services range from standard bookkeeping and payroll services, to coaching and consulting, to comprehensive virtual CFO services. Our mission is to disrupt the traditional accounting model through technology, innovation, and a radically client-focused approach that truly empowers nonprofits and social enterprises. For more information call (321) 233-3311, email email@example.com, and visit www.YourBlueFox.com.
Love is in the air!
Here is our favorite love story ... about two of our best friends in the nonprofit world. Their names are Fundraising and Finance.
Our friend Finance is not so sexy :) But he is intelligent, organized and precise.
Fundraising is way hotter than Finance. She’s exciting, inspiring, and passion-driven. And everyone loves to focus their attention on her.
When you invite Fundraising to dinner, Finance has to come along. (The good news is, Finance always picks up the tab. Ha!) Fundraising will make your heart melt with the stories she tells and her big energy and hope. But at dinner Finance will talk about cash flow, budgeting, operating reserves, and payroll expenses. You know, all the pesky little details that actually matter. Who invited that person? Sheesh! We know. Finance isn’t sexy, but Fundraising without Finance is just short-sighted.
At first, they seem like an unlikely couple but Fundraising and Finance are intimates. Their nonprofit home is a happy, efficient, sustainable, and well-funded place to be.
Like all couples, they can struggle. But when they work together with open continuous communication and feedback, they are an unstoppable team.
That, our friends, is a nonprofit love story.
Q: So, what’s the moral of the story?
A: To build nonprofit sustainability, your finance and fundraising teams must collaborate closely and communicate on a continuous basis.
[Read: What Fuels Nonprofit Sustainability]
Financial stewardship builds sustainable organizations. But many nonprofit leaders are more versed in fundraising, marketing and events. That’s why Blue Fox exists – to organize, empower and educate nonprofit leaders on all thing’s financial management. We’ve got your back!
Tax-Free Is the Way to Be! The Consolidated Appropriations Act, 2021 Extends Employment Tuition Repayment Assistance Through 2025
Here’s a tax legislation win-win!
If you have student loans, your employer now has the opportunity to provide repayment assistance through 2025 tax-free. Let’s say that again: tax-free!
An article published by SHRM explains: “The Consolidated Appropriations Act, 2021 (CAA), signed into law by President Donald Trump on Dec. 27 extends for five years COVID-19 relief that allows employer-provided student loan repayment as a tax-free benefit to employees under Section 127 of the Internal Revenue Code. Through 2025, employers can continue to make contributions of up to $5,250 per employee annually toward eligible education expenses, like tuition or student loan assistance, without raising the employee's gross taxable income.”
SHRM calculates that only 8% of employers provide loan assistance. This legislation aims to improve that number to make a dent in our nation’s student loan debt crisis.
Chatrane Birbal, vice president for public policy at SHRM said, "This benefit will provide some relief to employees who are currently repaying student loan debt and also gives employers more flexibility in the design of benefit offerings for recruitment and retention purposes."
Let’s spread the word and keep our fingers crossed that more employers recognize the win-win benefits of offering tuition repayment assistance now, through 2025 and beyond.
Welcome to the Blue Fox Blog! A fairly entertaining source of info and news related to our company, nonprofits, social sector trends, and, of course, accounting. Enjoy!
Client CASE STUDY: One of The Most Financially Sustainable Nonprofit Orgs We Know
Blue Fox + Bill.com = Clean Audits & Happy Clients
What Fuels Financial Sustainability?
The Magical Nonprofit Financial Ratio Matrix
Dear COVID-19, I'm Breaking Up With You
The Latest COVID-19 Resources for Nonprofits
10 Reasons to Outsource Your Nonprofit Accounting
6 Step Guide To Build Donor Trust
Our Favorite Resources for Nonprofit Fundraisers
3 Vital Resources for Nonprofit Start-ups
2020 Nonprofit Trend: The Virtual CFO
How to Make Your Nonprofit Recession-Proof
What Nonprofits Need to Know About the New Overtime Ruling
Double-entry Accounting Made Easy - Essential Desktop Guide, Free Download
Blue Fox CEO Named
As Keynote Speaker for Nonprofit Hub's Cause Camp 2020
5 Steps to Solving Complex Workflow Problems
The Hidden Cost of Wearing Too Many Hats
The Key to Workplace Success - Investments in Professional Development
Accounts Payable Made Easy - The Marriage of Bill.com and QuickBooks Online
Nonprofits - It's Time to Automate Your Back Office
How to Engage Your Board of Directors in Financial Conversations
How to Join the Social Enterprise Movement
Kindness Leads to More Profit & Productivity
Don’t Ignore This Nonprofit Management Advice
Building Blocks for A More Just, Equitable, and Inclusive Work Environment
QB Tip of the Month: How to Use Classes for Painless Grant Writing
Nonprofit Leaders - Talk Finance and Empower Your Staff
When to Hire An Accountant for Your Social Impact Org
Why Outsource Your Accounting?
That Time I Went to Cause Camp
Impact Investments in Yourself
Are You Paying Too Much for Payroll?
Financial Dashboards - Capture Attention, Create Conversations, Drive Results!
Don't Let FinTech Scare You - Our Top 4 Back Office Tech
The Wonderful World of Micro-Donating!
The Case for Kindness in Business
How Nonprofits Build Donor Trust: Be Transparent
5 New Year’s Resolutions for Sustainable Nonprofits
Why We’re on a Mission to Help Conservation Organizations
Money Matters - So Why Aren’t More Nonprofits Talking About It?
Tips to Get You A Clean Audit Every Year
Blue Fox Teams Up With Bloomerang to Develop Nonprofit Resources
Blue Fox Earns Better Business Bureau Accreditation
Blue Fox Launches Protected By Logo
Blue Fox - The Origin Story