Sheikh Osher & Scott CPAs & Advisors

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Sheikh Osher & Scott CPAs & Advisors Sheikh Osher Scott CPAs is a trusted provider of audit, tax, and advisory services for nonprofits, health centres, and small to mid-sized businesses.

At Sheikh, Osher & Scott CPAs & Advisors, we partner with mission-driven organisations and growth-focused businesses to provide reliable audit, tax, and financial advisory services. With decades of experience serving nonprofits, federally funded health centres, and private enterprises, we understand the unique reporting, compliance, and planning needs that come with public accountability and evolving regulations. Our services are structured to remove delays, reduce risk, and provide meaningful insights. Whether it’s preparing for federal audits, managing multi-source grants, or navigating tax strategy, we bring technical depth, transparency, and efficiency to every engagement.

10/21/2026

A timely update for community health center leaders tracking federal funding risk.

Two federal deadlines converge in December that most sector conversations are treating as separate but are not. The continuing resolution funding the government expires December 11. The Community Health Center Fund expires December 31. The gap between those two dates is twenty days.

If the continuing resolution lapses in a government shutdown, CHC Fund reauthorization conversations happen in a disrupted operating environment. If the CR passes but CHC Fund reauthorization does not land cleanly, health centers enter 2027 with uncertainty about their largest federal funding stream.

👉 Swipe through the five things CHC finance leaders should be modeling before Thanksgiving.

The Community Health Center Fund expires December 31. The continuing resolution expires December 11.That twenty-day gap ...
10/16/2026

The Community Health Center Fund expires December 31. The continuing resolution expires December 11.

That twenty-day gap sits squarely in the middle of audit fieldwork, giving season and year-end close.

Most CHC finance directors I speak with are tracking it. Fewer have modeled it. There is a difference between knowing a date is coming and having a Q1 scenario built around what happens if reauthorization does not land cleanly.

The finance functions that will look steadiest in February are the ones doing that modeling now, in October, while there is still room to think rather than react.

If funding reauthorization slipped past December 31 without resolution, what would your organization do differently in the first sixty days of 2027?

A reminder as we move into mid-October.The highest-value tax planning conversations for small businesses, medical and de...
10/12/2026

A reminder as we move into mid-October.

The highest-value tax planning conversations for small businesses, medical and dental practices, and nonprofits with unrelated business income happen in October and November. Not December.

By December, most tax-reduction strategies are locked out. Section 179 purchases, retirement plan contributions, charitable giving decisions, and entity restructuring all require time to execute before December 31. December is when strategies get finalized. October and November is when they get decided.

For the business owners and practice leaders reading this, three questions worth bringing to your CPA this month.

What is our projected 2026 taxable income, and how does it compare to 2025?

What strategies are available to us this year that were not available last year?

What should we be doing between now and December 31 that would meaningfully change our 2026 tax bill?

If your CPA cannot answer these questions by the end of October, December will be too late to change the answer.

In recognition of Indigenous Peoples Day.At Sheikh, Osher & Scott CPAs, we work with nonprofits and community health cen...
10/12/2026

In recognition of Indigenous Peoples Day.

At Sheikh, Osher & Scott CPAs, we work with nonprofits and community health centers across the United States. That work includes a deep respect for the Tribal Health Programs, Urban Indian Health Programs, and community health centers serving Indigenous communities, whose finance leaders navigate some of the sharpest health equity challenges in the country.

For the finance teams at Indian Health Service-funded organizations, 638 contractors, Urban Indian Organizations, and tribal nonprofits, your work does not fit the standard nonprofit template. That is not a weakness. It is the design.

Today, recognition. Tomorrow, the work continues.

10/07/2026

October 15 is 8 days away. Three filings commonly land on this date.

Not every organization has one of these. But if your finance team is uncertain, that uncertainty is worth resolving before the end of this week.

👉 Swipe through the three October 15 deadlines, who they apply to, and what happens if they are missed.

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10/05/2026

For the nonprofit and community health center finance teams planning the next ninety days.

Q4 is the most compressed period in the nonprofit finance calendar. Audit fieldwork. Board meetings. Year-end tax planning. Giving season. Budget approval cycles. All of it happens between October and December.

The teams that navigate it well are not the ones with the most capacity. They are the ones who sequenced the work before Q4 started.

👉 Swipe through the five-part Q4 playbook. Save it for your next finance team meeting.

Most nonprofit leaders think of October as the recovery month from Q3. The strongest ones treat it as the planning month...
10/02/2026

Most nonprofit leaders think of October as the recovery month from Q3. The strongest ones treat it as the planning month for the next twelve.

Federal fiscal year 2027 is two days old. For the community health centers and grant-funded nonprofits reading this, the window to shape FY27 is open right now. In sixty days, it will not be. The budget decisions, grant pursuit strategies, staffing commitments, and compliance posture that will carry your organization through next September are being set this month.

The organizations that use October deliberately move through FY27 with clarity. The ones that treat October as the recovery month from FY26 closeout spend the next twelve months reacting.

Three questions worth putting on the leadership team agenda before Halloween.

What did FY26 teach us about where our finance function is strong and where it is stretched?

Which FY27 assumptions are we making that depend on the federal funding environment holding steady?

What is the one investment in our finance infrastructure that would make FY27 easier if we started it this month?

Q4 is not the end of the year. It is the beginning of the next one.

Federal fiscal year 2026 closes today.For the community health centers and grant-funded nonprofits reading this, the wor...
09/30/2026

Federal fiscal year 2026 closes today.

For the community health centers and grant-funded nonprofits reading this, the work that got you here matters. Grant drawdowns reconciled. Time and effort documentation captured. Cost allocations finalized. Program income accounted for. Every one of those quiet, unglamorous discipline items is the reason your Single Audit next spring will go smoothly instead of finding surprises.

Three thoughts as this fiscal year closes and the next begins.

The finance functions that navigate federal fiscal year transitions well are not the ones with the largest teams. They are the ones with the most disciplined documentation habits. Habits compound. Neglect compounds faster.

The FY27 that starts tomorrow will look meaningfully different from the FY26 that closes today. Not because the mission changed, but because the funding environment did. What worked as a grant management approach in FY26 may need updating for FY27. The month of October is the window to make those adjustments deliberately.

For the finance teams closing out FY26 today, take a breath. Then get ready. The FFRs, closeout documentation, and reconciliation work for the fiscal year that ended today begin tomorrow. The audit that will review this work begins in the spring.

Federal fiscal year-end is not the finish line. It is the boundary marker. What matters is what you do with what closed today, and what you do with what begins tomorrow.

09/25/2026

Governance documents that are not reviewed become governance documents that are wrong.

Every nonprofit and community health center has a set of core policies that were written at some point and have not been touched since. Some are five years old. Some are ten. Most describe an organization that no longer exists.

Auditors ask for policies. Boards approve policies. Regulators reference policies. When the policy on paper does not match the practice in the organization, that gap becomes an audit finding, a compliance concern, or worse, a governance problem the board never noticed.

👉 Swipe through the six policy documents every nonprofit and CHC should be reviewing this fall. If any of these are more than a year old, that is the September project worth doing this week.

09/23/2026

Every Single Audit tells a story about your organization to funders, boards, and federal agencies.

We built our practice to make sure it tells the right one.

👇 Watch how we approach Single Audit at Sheikh, Osher & Scott CPAs.

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Chicago, IL

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