Daniel Dennis & Company LLP

10/31/2026

10/30/2026

A smoother spring audit starts before year end. Your nonprofit can prepare by reconciling accounts, gathering supporting documents and confirming that year-end revenue, expenses and donor restrictions are properly reflected. Request your auditors’ materials list early, assign responsibilities and agree on deadlines. Before submitting schedules, confirm that they match the trial balance and document explanations for significant variances. Review prior audit adjustments and internal control findings, and address unresolved issues. Taking these steps now can reduce delays and disruptions when fieldwork begins. Contact us for help reviewing your year-end accounting and preparing for the audit.

10/28/2026

Business owners have access to more data than ever before. The challenge is identifying which information matters most and how to use it. While financial statements provide a comprehensive view of your financial position and results, dashboard reports deliver timely insights that help management monitor day-to-day performance and respond quickly when conditions change. Useful dashboards may track cash flow, margins, liquidity, interest coverage and industry-specific metrics, with comparisons to budgets, prior periods or external benchmarks. The right approach depends on the nature of your operations. Contact us for help developing a dashboard report that’s tailored to your business.

10/26/2026

Increasing revenue isn’t the only way to improve your business’s financial performance. Another option is to strengthen your profit margins by analyzing key operating expenses, such as employee compensation and benefits, vendor contracts and leases, marketing return on investment, and borrowing costs. Compare your costs with industry benchmarks and look for overlapping services and avoidable spending. Selectively eliminate costs that don’t add value while continuing to invest in the people and resources your business needs to grow. Contact us for help performing a comprehensive expense review and identifying strategies to improve your profitability and cash flow.

10/23/2026

Your nonprofit’s annual report is one of its most important communication tools. Waiting until year end to begin planning it can lead to rushed content and overlooked accomplishments. Starting early gives you more opportunities to collect personal impact stories and financial highlights that demonstrate accountability and showcase your mission-driven work. Combining clear financial reporting with compelling storytelling can strengthen relationships with donors, grantmakers, volunteers and other stakeholders. Contact us to help ensure your annual report reflects your nonprofit’s financial strength and achievements.

10/22/2026

The Association of Certified Fraud Examiners estimates that businesses lose about 5% of annual revenue to occupational fraud. However, organizations with strong antifraud controls — including external financial statement audits and surprise audits — generally experience lower fraud losses and detect fraud more quickly than organizations without those safeguards. Audits don’t provide a guarantee against fraud, but they can help reveal anomalies and errors and identify weaknesses in your business’s controls. If you have questions about your business’s fraud risks or you’d like to discuss our audit and forensic accounting services, contact us. We can help strengthen your fraud defenses.

09/24/2026

We had a great time at Action Inc.’s Safe Harbor Celebration. We value the opportunity to engage with local organization and support Action's work in the community. Thank you to Action for hosting such an impactful and successful event.

Thank you to everyone who joined us for Action Inc.’s Safe Harbor Celebration last Thursday!

It was a wonderful evening filled with good company, meaningful conversations, and plenty to celebrate. We’re so grateful to everyone who helped make the night possible and supported Action Inc.’s work across Cape Ann and Essex County.

Your support makes a real difference. Thank you for being part of such a special evening!

08/28/2026

Many nonprofits experience financial challenges. Even organizations with healthy fundraising can face cash shortages if money isn’t arriving when it’s needed. Whatever your organization’s situation, better cash flow management can enhance your financial stability. Start by improving visibility into your organization’s financial health with cash flow statements and rolling forecasts. Then, build more predictable revenue by prioritizing recurring giving and monthly installment plans. Reduce cash outflows where possible by renegotiating vendor contracts. And strengthen long-term stability through diversified revenue streams. Contact us for help improving your nonprofit’s cash flow management.

08/24/2026

Mission drift can gradually pull nonprofits away from their core purpose and create operational and fundraising challenges. A formal mission change may be necessary to maintain financial stability. First, review your programs and goals. If your mission has drifted, consider revising your mission statement. Then clearly communicate the change to stakeholders. If your nonprofit is considering an intentional mission shift — or is already experiencing unintended mission drift — professional guidance can help you evaluate the financial and tax implications before small changes become larger challenges. Contact us to discuss how to protect your organization’s long-term financial stability.

08/14/2026

Alternative investments may offer nonprofits increased diversification and stronger return potential. But they also can introduce liquidity challenges, higher fees and unexpected tax exposure. Before investing in private equity, hedge funds or other alternative assets, your organization should carefully consider the financial and operational risks involved. Contact us to discuss whether this investment strategy aligns with your nonprofit’s goals and risk tolerance.