No business sector has been spared the fear and uncertainty we’re all currently mired in. As a firm, Magone & Company has been busy on several fronts — helping business clients seeking financing from the Small Business Administration (SBA) in the form of Economic Injury Disaster Loans (EIDL), applying for the Paycheck Protection Plan (PPP), and […]
Nonprofits
Interpreting the new CARES Act: What it means for your business
The much-needed support for small businesses and non-profit organizations has been realized by the passage and signing on Friday March 27, 2020 by the President of The Coronavirus Aid, Relief, and Economic Security (CARES) Act, which introduces the Paycheck Protection Program as a key provision in Title I — the Keeping American Workers Paid and […]
SBA disaster relief for small businesses & nonprofits in NJ and other states
Small business owners and nonprofit agencies may have been tossed a lifeline from the U.S. Small Business Administration, which just named New Jersey and several other states a declared disaster state in the wake of the Coronavirus pandemic. This declaration will allow New Jersey small business owners and non-profit organizations impacted by COVID-19 to apply […]
Can depreciation save your business money?
Depreciation is a deduction from income tax that lets your firm recover the cost of property. Read on to see how the IRS allows for the wear and tear, deterioration or even obsolescence of items. The depreciation of tangible property — buildings, machinery, vehicles, furniture, equipment and even cell phones — as well as intangible […]
Donor management best practices: Turning good data into a goldmine
For nonprofits, donors are the lifeblood of your mission. After all, they’re the people funding it. So, it’s no surprise, according to NonProfitPRO’s 2019 Leadership Impact Study, that 82% of nonprofits are using technology to improve their donor relationships and 52% are using it for donor management. When kept current and accurate, data can be […]
Jump on board: 5 Next-level nonprofit trends for 2020
In any given year, nonprofit professionals face a mix of significant accomplishments and relentless challenges. From donor expectations to new technology, the landscape is constantly innovating. Nonprofits must keep up to achieve their desired goals, or risk being left behind — along with the communities they serve. To maximize your organization’s potential, here are some […]