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Nonprofit organizations operate within an accounting framework that is fundamentally different from for-profit accounting in ways that are important and often significantly underappreciated by nonprofit leaders who have come to their roles from program, development, or advocacy backgrounds rather than financial ones. The fund accounting model that nonprofit generally accepted accounting principles require, the specific…

To make smart decisions, stay out of trouble with the law, and keep the people who care about your organization happy, you need to have faith in your financial numbers. And that starts with making sure they’re right. But without some basic safeguards in place, you’re basically rolling the dice every day – hoping that…

Choosing an accounting firm is about so much more than just their qualifications and making sure they’re in line with all the right regulations. It’s about building a relationship with a firm that gets you – your organization, your goals, and your numbers. Whether you’re running a small business, in charge of a housing authority,…

Running a Small Business – And Forgetting About Accounting Running a small business is a bit like wearing a dozen different hats all at once – and accounting all too often gets left on the shelf until something goes horribly wrong. Problem is, these small accounting mistakes can quickly spiral out of control and lead…

Local government, townships & villages, are put in charge of handling public funds responsibly & transparently. What that means is every single dollar they collect & spend on projects like infrastructure, public safety, community services & employee benefits – has to be accounted for. And that’s where audits come in – government & municipality audits…

In the world of nonprofit organizations, transparency is everything. Whether it’s meeting regulatory requirements or reassuring donors that their contributions are being used wisely, financial integrity is non-negotiable. One of the most important tools for achieving that integrity is a nonprofit audit. At Odoni Partners LLC, we specialize in audits for nonprofit organizations of all…

If you have a 401(k) retirement plan for your employees, compliance with Department of Labor (DOL) regulations is crucial—not just to avoid penalties but to make sure the plan remains a safe and trusted benefit for your workforce. One key compliance component for many businesses is the 401(k) audit. At Odoni Partners LLC, we specialize…

For housing authorities, complying with the U.S. Department of Housing and Urban Development (HUD) is not only a regulatory requirement but a responsibility to the communities they serve. One of the most critical compliance processes is the HUD audit. These can be intimidating but with the right preparation and professional help, they don’t have to…

Running a business is a many hats affair and one of the most important is keeping accurate financial records. At some point your business will need a CPA audit – an essential process that verifies the accuracy and integrity of your financial statements. Whether it’s for regulatory compliance, lender requirements or internal assurance, knowing what…

Tax season can be stressful, confusing, and even intimidating for individuals—especially those with complex financial situations, multiple income sources, or significant investments. While online software and DIY options may seem convenient, they rarely provide the depth of insight or strategic planning that a personal Certified Public Accountant (CPA) offers. At Odoni Partners LLC, we believe…