Fraud can have devastating consequences for private schools, both financially and in terms of reputation. That’s why it’s important for schools to implement strong internal controls to prevent fraud from occurring in the first place. What are internal controls?...

A good succession plan can help: Transfer ownership when the time comes Maintain your lifestyle in retirement Provide for your heirs financially Prepare the business to handle unexpected events A succession plan is very important because life happens and unless you...

On January 18, 2022, Governor Hochul issued the New York State proposed budget. While the main focus of the budget was on public schools, the proposed budget included some increases in areas beneficial to private schools. Special Education Schools: The budget included...

As we enter 2022, we continue to see a shift in the physical workplace and what the future of offices will be. Here are some trends we are seeing as we enter into 2022: Downsizing: Going by the average, a standard office lease for a nonprofit in the USA will be around...

FOR IMMEDIATE RELEASE Contact:Kelli-Anne Cerini Marketing Coordinator Cerini & Associates, LLP P: 631-582-1600 ext. 401 E: [email protected] January 04, 2021 – Bohemia, NY – Cerini & Associates, LLP, a leading audit, tax, and business advisory firm...

FASB’s Accounting Standards Update 2016-14 will be effective for calendar year-end entities in 2018 and fiscal year-end entities in 2019. Non-profit organizations will see changes in how they must present net assets on their statement of financial position. An...

FOR IMMEDIATE RELEASE Cerini & Associates, LLP Strengthens its Practice Appointing Shari Diamond to Partner, Multiple Promotions and New Hires                     January 25, 2019 – Bohemia, NY – Cerini & Associates, LLP, a leading audit, tax, and business...

With the uncertainty in the job market, many districts have been experiencing an increase in the number of students who can qualify for free or reduced-price lunches. Looking for a way to get more revenue and have less headaches from collecting household applications?...

The Board of Regents approved priority legislation of a statutory growth index for tuition reimbursement. NYSED recommended the following to the Division of Budget: Both Preschool and School Age The 2018-2019 tuition rate setting methodology for both preschool and...

Beginning with the fiscal 2018 school year, school districts must use the LEA Maintenance of Effort (MOE) Calculator. Huh? Let’s try this again. In the past, New York State Education Department (NYSED) has never required LEAs to submit information that verifies...