Sax LLP, a leading multi-disciplinary, accounting, tax and advisory firm with offices in New Jersey and New York, has published a description of its proprietary Fist to Five® events and assessments aimed at achieving success for the firm’s clients in the not-for-profit sector.
“Not-for profits today face more scrutiny, financial challenges, compliance requirements and demands for outcomes than ever before,” writes Sax. “They need a partner who not only understands the not-for-profit landscape, but also offers actionable advice for nonprofit leaders to fulfill their vision and fiduciary responsibilities.”
To best serve its nonprofit clients, Sax maintains a Not-For-Profit Industry Service Team dedicated to industry-specific skills and knowledge. Financial reporting, auditing, tax planning, tax preparation, risk management, and cash flow forecasting are among the services Sax provides to help not-for-profits meet operational and financial objectives.
Another way these advisors educate and consult clients is through a proprietary diagnostic tool known as a Fist to Five® assessment. This utilizes expertise with the most up-to-date tools and best practices to evaluate not-for-profits based on their performance in five key areas: Vision, Financial Health, Accountability, Organic Infrastructure and Presence. https://www.facebook.com/SaxLLP
“The evaluation process results in a ‘scorecard’ and executive summary that guides management and board members through the ratings given to their organizations” according to Sax. “On a scale from ’Fist’ (zero) to 5, anything below a 3 would indicate where improvement is needed.”
The firm’s team of industry experts then works with clients to develop a strategic plan to address the results of the assessment. More about Fist To Five® can be found at http://www.fisttofive.com/
Beyond the assessment process, Sax’s Fist to Five® system extends to an event series and a pool of not-for-profit industry resources—including a community of industry leaders offering a constant stream of advice. The events, which feature not-for-profit executives, board members and other industry leaders, are held in both New York City and New Jersey. The next scheduled events will be held in November 2017. Interested parties are able to sign up to put their name on the guest list for the next events. Visit them at https://plus.google.com/b/115802868791237517790/115802868791237517790?hl , or use this URL, https://goo.gl/fD2xMH . Their latest posts can be found at https://plus.google.com/b/115802868791237517790/115802868791237517790/posts/ipcuSZ2yT5h?hl=en
In addition to not-for-profit organizations, Sax has served the accounting, tax and advisory needs of a variety of closely held companies, family-owned businesses and high net worth individuals for over 60 years. Their reviews can be read at https://www.google.com/maps/place/Sax+LLPemail@example.com,-74.1904212,17z/data=!3m1!4b1!4m5!3m4!1s0x0:0x20a1f6dd214631d6!8m2!3d40.871714!4d-74.1882325?hl=en . For more information on the services and expertise available from Sax LLP, the firm may be contacted by using the information below and followed at http://ezlocal.com/nj/clifton/accountant/1740418