Sheikh Osher & Scott CPAs & Advisors

Sheikh Osher & Scott CPAs & Advisors Sheikh Osher Scott CPAs is a trusted provider of audit, tax, and advisory services for nonprofits, health centres, and small to mid-sized businesses.

At Sheikh, Osher & Scott CPAs & Advisors, we partner with mission-driven organisations and growth-focused businesses to provide reliable audit, tax, and financial advisory services. With decades of experience serving nonprofits, federally funded health centres, and private enterprises, we understand the unique reporting, compliance, and planning needs that come with public accountability and evolv

ing regulations. Our services are structured to remove delays, reduce risk, and provide meaningful insights. Whether it’s preparing for federal audits, managing multi-source grants, or navigating tax strategy, we bring technical depth, transparency, and efficiency to every engagement.

06/10/2026

Most nonprofit budgets get approved in December and ignored by March.

That's not a budgeting problem. That's a design problem.

Swipe through for the budgeting framework that boards actually use all year.

06/05/2026

Clean bookkeeping solves problems you didn't know you had.

Here are the 5 bookkeeping questions we answer most often.

If your nonprofit's fiscal year ends June 30, you have 25 days.Your finance team's checklist:→ Reconcile all bank and cr...
06/05/2026

If your nonprofit's fiscal year ends June 30, you have 25 days.
Your finance team's checklist:
→ Reconcile all bank and credit card accounts through May
→ Review outstanding receivables and payables for proper period recognition
→ Confirm all grant funds are properly classified as restricted or unrestricted
→ Update depreciation schedules
→ Begin drafting program descriptions for the 990
→ Schedule your audit engagement for early fall
A clean year-end close sets the tone for everything that follows. If your team is stretched thin this month, let's talk before audit season.

Your CHC board reviews financial reports every quarter.But are they seeing the right metrics?→ Days Cash on Hand (benchm...
05/23/2026

Your CHC board reviews financial reports every quarter.
But are they seeing the right metrics?

→ Days Cash on Hand (benchmark: 60+ days)
→ Patient Revenue per Visit by payer type
→ Cost per Patient (total operating costs ÷ total patients)
→ Grant Burn Rate (spending on pace with budget timeline?)
→ AR Aging past 90 days

Numbers without context are just numbers. These KPIs tell the story your board needs.

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990 season just wrapped.Was it painful? Scrambling for documents? Reconciling months of transactions? Rewriting program ...
05/22/2026

990 season just wrapped.

Was it painful? Scrambling for documents? Reconciling months of transactions? Rewriting program descriptions from scratch?

That is not a filing problem. That is a systems problem.

What to implement now while the pain is fresh:

→ Quarterly program accomplishment updates
→ Monthly financial closes with reconciled accounts
→ Annual governance calendar for policy reviews
→ Centralized document management system

The best time to fix financial systems is right after you have felt the pain of not having them.

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Three consecutive years of not filing Form 990 = automatic revocation of tax-exempt status.Automatic. No warning. No gra...
05/14/2026

Three consecutive years of not filing Form 990 = automatic revocation of tax-exempt status.

Automatic. No warning. No grace period.

Once revoked:
→ Donations are no longer tax-deductible for donors
→ Grant makers won't fund you
→ Reinstatement requires filing all missing returns + a new exemption application
→ Process takes 6-12 months and costs thousands

If your nonprofit hasn't filed, address it now - before the three-year clock runs out.

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Most financial reports are technically accurate. That does not mean they are useful.We often see businesses and organiza...
05/09/2026

Most financial reports are technically accurate. That does not mean they are useful.

We often see businesses and organizations with clean-looking reports that still leave leadership unsure about what to do next. The numbers are there, but they do not answer real questions.

A helpful financial report should make it easier to understand what is actually happening in the business. You should be able to see where money is being made, where it is being spent, and whether results match expectations. If reviewing your reports creates more questions than clarity, that is usually a sign something is missing.

Another common issue is timing. Reports that arrive weeks late may be accurate, but they are no longer relevant. Decisions end up being made based on instinct instead of information.

When financials are working the way they should, they support decisions around hiring, pricing, cash flow, and growth. When they are not, they slow those decisions down or push them in the wrong direction.

Good reporting is not about more detail. It is about the right detail, delivered in time to be useful.

If your financial reports feel confusing, overwhelming, or disconnected from the decisions you are making, they may be doing more harm than good.

HRSA audits feel heavy when you are trying to keep your organization running. You deserve quiet days even when the audit...
01/13/2026

HRSA audits feel heavy when you are trying to keep your organization running. You deserve quiet days even when the audit window opens. That is why we step in early. We review your records, organize your evidence, and help your team understand what HRSA will look for. You get a clear process, steady guidance, and a partner who stays with you from preparation to response. Your focus stays on your mission while we keep the technical work handled. When your documentation is ready and your team feels confident, the entire audit season becomes lighter. You gain time, calm, and space to breathe while we do the work in the background.
If you want support with audit readiness or want to learn how your current process can improve, reach out to us. We are here to help you move forward with clarity.
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Board meetings move fast, and translating cyber risk into something leaders can act on can feel like a lot to hold. When...
01/08/2026

Board meetings move fast, and translating cyber risk into something leaders can act on can feel like a lot to hold. When the numbers get technical and the pressure builds, you don’t need to stand there sorting through every detail alone. We shape the data into four steady KPIs that give your board the clarity it needs without the noise. You get a simple view of access exceptions, unresolved incidents, time to remediate, and automation exception trends. Your leaders get a picture they can understand. And you walk in with confidence because the story is already handled.
Nonprofits, community health centers, HNWIs, and SMBs all face growing expectations around internal control reporting. Clear cyber KPIs make those conversations easier and help everyone stay calm when the stakes feel high.
If your board wants stronger visibility and you want a smoother way to present it, we can support you with reporting that removes stress instead of adding it.
What part of board reporting feels the heaviest for you right now?
Visit our website to learn how we support your next review.

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401 N. Michigan Avenue Suite 1217
Chicago, IL

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