Cornerstone Accounting Solutions

10/19/2026

Nonprofit Year-End Concern #3: Is Your Organization Ready for Year-End Donations?

For many nonprofits, November and December are two of the most important fundraising months of the year.

But receiving donations is only half the process. Your accounting and donor records need to support them.

Now is the time to review:
• Donation recording procedures
• Donor names and contact information
• Restricted gifts
• In-kind contributions
• Donor acknowledgment procedures
• Reconciliation between your donation platform and accounting system

A strong year-end giving campaign should be supported by equally strong financial records.

Cornerstone Accounting Solutions helps nonprofit organizations build accounting processes that support both fundraising and financial reporting.

📞 602-899-3280
🌐 www.cornerstoneaccountingsolutions.com

10/15/2026

Nonprofit Year-End Concern #2: Are Your Financial Statements Actually Accurate?

Before the calendar closes, nonprofit leaders should know whether their financial statements can be trusted.

Review areas such as:
✓ Bank and credit-card reconciliations
✓ Outstanding receivables and payables
✓ Duplicate or uncategorized transactions
✓ Restricted fund balances
✓ Payroll liabilities
✓ Fixed assets
✓ Loans and other liabilities
✓ Revenue recorded in the correct period

The goal isn’t simply to “get the books done.” The goal is to give your board and leadership team financial information they can actually use to make decisions.

Cleaning up problems in October is much easier than discovering them during tax preparation or an audit.

📞 602-899-3280
🌐 www.cornerstoneaccountingsolutions.com

10/12/2026

Nonprofit Year-End Concern #1: Do Your Books Clearly Show Restricted Funds?

Receiving a grant is exciting. Accounting for it incorrectly is not.

As year-end approaches, nonprofit organizations should make sure they can clearly identify:
• Restricted versus unrestricted funds
• Grant revenue received
• Expenses charged against individual grants
• Remaining grant balances
• Reporting deadlines and documentation
• Whether funds were spent according to donor or grant requirements

Your accounting system should tell the financial story of each major grant—not force you to rebuild that story later from spreadsheets.

If QuickBooks doesn’t clearly show where your grant money went, now is a good time to fix it.

Cornerstone Accounting Solutions can help nonprofits build better QuickBooks reporting and tracking systems.

📞 602-899-3280
🌐 www.cornerstoneaccountingsolutions.com

10/08/2026

Is Your Nonprofit Ready for Year-End?

The final months of the year can expose financial problems that have been building quietly all year.

Before December 31, nonprofit leaders should be looking closely at five areas:

✅ Restricted funds and grant reporting
✅ Clean, accurate financial records
✅ Donor contributions and acknowledgments
✅ Payroll and contractor compliance
✅ Your 2027 budget and financial strategy

Over the next few weeks, we’ll break down each of these five areas and explain what nonprofit leaders should be reviewing now.

Cornerstone Accounting Solutions helps nonprofit organizations improve their accounting, reporting, and financial processes.

📞 602-899-3280
🌐 www.cornerstoneaccountingsolutions.com

07/29/2026

🚗 IRS Announces Mid-Year Mileage Rate Increase: What You Need to Know

The IRS has announced a rare mid-year increase to the standard mileage rates, effective July 1, 2026, due to rising fuel costs. This means businesses and self-employed taxpayers may be able to deduct more for qualifying business travel during the second half of the year.

New Mileage Rates (July 1 – December 31, 2026)

✅ Business: 76¢ per mile (up from 72.5¢)

✅ Medical & Qualified Military Moving: 23.5¢ per mile (up from 20.5¢)

✅ Charitable: 14¢ per mile (unchanged)

What This Means

If you use your personal vehicle for business, you'll need to track your mileage using two different rates for 2026:

📍 January 1 – June 30: 72.5¢ per mile

📍 July 1 – December 31: 76¢ per mile

Keeping accurate mileage records is more important than ever to ensure you receive the maximum deduction available.

Our Tip

Now is a great time to review your mileage tracking system. Whether you use an app or a manual log, make sure your records clearly separate miles driven before and after July 1.

Need help maximizing your business deductions? We're here to help!

📞 Cornerstone Accounting Solutions
Helping individuals and businesses keep more of what they earn.

07/16/2026

Hi Cornerstone families! We’d love to invite you to become part of our **Golden 100 Club**.

The Golden 100 Club is made up of supporters who give monthly to help cover one of our biggest ongoing expenses: **gym rentals**. Having a reliable place for our kids to practice, grow, and compete is essential, and your support helps make that possible.

When you join the Golden 100 Club, you are helping us keep Cornerstone Basketball strong and available for the families who need it most.

Every gift makes a difference. If 100 people commit to giving, together we can make a huge impact.

Thank you for believing in Cornerstone and helping us continue to pour into these kids both on and off the court!

07/07/2026

Uncertainty is the new normal — but smart planning turns risk into opportunity. Read our latest blog: Navigating Uncertainty: Top Five Business Concerns for the Second Half of 2026. Get practical insights on economic shifts, tech disruption, workforce dynamics, regulatory changes, and customer expectations. Read now: https://wix.to/xI2TWRf

07/07/2026

📅 Tax Extension Deadlines Are Closer Than You Think!

If you filed an extension, now is the time to get your tax documents organized. Waiting until the last minute can lead to unnecessary stress—and potentially costly mistakes.

Key 2026 Tax Extension Deadlines:

📌 September 15, 2026
• Partnerships (Form 1065)
• S Corporations (Form 1120-S)

📌 October 15, 2026
• Individual Tax Returns (Form 1040)
• C Corporations (calendar-year filers)

Remember, an extension gives you more time to file—not more time to pay. If you still have a balance due, interest and penalties may continue to accrue.

At Cornerstone Accounting Solutions, we're here to help make tax season as smooth as possible. Whether you're finishing your return, need tax planning, or have questions about your filing requirements, our team is ready to help.

📞
602-899-3280

📧 [email protected]
🌐 www.cornerstoneaccountingsolutions.com/questionaire

Don't wait until the deadline is here—contact us today and finish your return with confidence.

05/17/2026