SD Mayer

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Latest Episodes…

  1. SDM Accounting Insights: What To Do If Your Nonprofit Receives an IRS Audit Letter

    The IRS’s staffing shortages have been well publicized. But it’s a mistake to assume that the agency has stopped scrutinizing not-for-profits. Don’t panic if you receive an audit letter. The letter will inform about whether the IRS is conducting an in-person, field audit or a correspondence audit. This second type ...


  2. SDM Accounting Insights: If Your Kids Are Off to Day Camp, You May Be Eligible For a Tax Break

    Now that most schools are out for the summer, you might be sending your children to day camp. The good news: You might be eligible for a tax break for the cost. Day camp is a qualified expense under the child and dependent care credit, which is worth 20% to ...


  3. SDM Accounting Insights: Is Your Nonprofit Monitoring the Measures That Matter?

    If you want to control costs and improve delivery of your not-for-profit’s services, it’s important to calculate and regularly monitor four key ratios. They are: 1) percentage spent on program activities, 2) percentage spent on fundraising, 3) current ratio (representing your ability to pay your bills) and 4) reserve ratio ...


  4. SDM Accounting Insights: In Pursuit of Global Tax Transparency

    In today’s global economy, aggressive cross-border tax strategies expose investors and other stakeholders to potential risks. The Financial Accountability & Corporate Transparency (FACT) Coalition recently issued a report that highlights a lack of corporate tax transparency and urges Congress, the U.S. Securities and Exchange Commission and the Financial Accounting Standards ...


  5. SDM Accounting Insights: Is an HSA right for you?

    A Health Savings Account (HSA) offers tax-advantaged funding of health care costs. If you have a qualified high-deductible health plan, you can contribute to an HSA sponsored by your employer or set up by you. You own the account, which can bear interest or be invested. It can grow tax-deferred, ...