Nonprofit Assurance Principal | Private Schools and Social Service Nonprofit Organizations | Nonprofit Writer
Streamline your nonprofit’s year-end audit and tax process with time-saving strategies to help reduce effort and increase efficiency. #Efficiency #Nonprofits #CLA #CLAPromise
Attention CPA Firms Are you an accounting firm seeking accounting support for an audit client? You know, that one client that had 40 journal entries last year. You don’t have to risk impairing your independence with our client accounting services. The firm will handle the complex accounting and allow you to focus on the audit. Schedule a consultation today and save valuable time. #CPA #corpus #accounting #texas #nonprofit #cpafirm
Is your nonprofit correctly allocating overhead expenses? Understanding how to categorize and allocate these expenses is crucial for accurate financial reporting and maintaining a balanced Form 990. In our latest blog, we break down the process of allocating overhead expenses across different functional areas—programmatic, management & general, and fundraising—and offer tips for developing a solid cost allocation plan. If you’re ready to optimize your nonprofit’s financials, read the full post now! https://lnkd.in/dCDnJpv2 #NonprofitFinance #OverheadExpenses #TaxTips #Form990 #Accounting #AldridgeBorden #Tax #CAAS #OneSourceSolution
Optimising Compliance: ATO's Tips for Non-Profits on Self-Review Returns Navigating tax compliance just got easier for non-profit organisations (NFPs) with the latest advice from the Australian Taxation Office (ATO). Here’s a breakdown of actionable tips to streamline your self-review return process: 🔍 Prepare in Advance: Review and gather necessary information before calling ATO’s dedicated phone service to avoid interruptions. 📞 Effective Communication: Use ABN lookup to ensure accurate identification and have your organisation's ABN ready during the call. 📝 Verification Made Simple: Keep 'Our reference' numbers handy for quick verification, essential for smooth lodgement. 📅 Extended Deadlines: Take advantage of concessional due dates and explore payment plans if needed, ensuring financial flexibility. Stay compliant and proactive with ATO’s support tailored for NFPs. Learn more about these practical tips and ensure your organisation meets its tax obligations seamlessly. Your business deserves more than just a number cruncher. With Weft Accounting Sydney, you get a partner committed to your success. 🌟 If you're ready to simplify your tax processes and achieve greater financial clarity, let’s connect! 💬 The Weft - Accounting & Bookkeeping Services Sydney E-mail- info@theweft.com.au Phone- 0405-552-426 #ATO #NonProfit #TaxCompliance #FinancialManagement #BusinessTips
♻️ Great news for #nonprofits going green! Nonprofits can now claim tax credits for clean energy initiatives, even without taxable income. Read more about this and other tax updates that could affect your org this year 👇 https://hubs.li/Q02stZ5z0 #nonprofittips #taxcredits #greennonprofits #taxupdates
#CurrentExpectedCreditLoss is an #accounting standard for recognizing impairment losses on #FinancialAssets issued by the . In our latest blog, #SSTCPA is highlighting updates that will impact #Nonprofit and #PrivatelyHeld organizations preparing reports for fiscal periods ending in 2023. https://lnkd.in/gs_ETb69
Tax-exempt organizations should be cautious when engaging in activities that may not be substantially related to their exempt purpose because they could end up owing a significant amount in tax. Read more in this NJCPA Focus blog post by Amy L. Dalen of HBK CPAs & Consultants #NJCPAfocus #blog #nonprofit #tax #ubit #cpa
Wondering how modern non-profits and property managers are streamlining their financial operations? Read our new article to learn what's driving this evolution in financial services and why it matters for your growth → [https://lnkd.in/g-mn3z4s] #NonprofitManagement #PropertyManagement #CAS
Not every nonprofit has the same budget or needs when it comes to a financial audit. From reviews to compilations, there are several audit alternatives that may be a better fit for your organization. Choosing the right option can help you: ✅ Meet donor and grantor expectations ✅ Ensure financial transparency ✅ Stay within your budget Learn more about the different options and what might work best for your nonprofit in this article: https://lnkd.in/gmF6_yEd #NonprofitFinance #NonProfitAccounting #NonprofitManagement #AssociationManagemgent
Ever struggled to determine how to record grant funds in your accounting system? Or wondered how GAAP (the generally accepted accounting principles) require certain gifts to be recorded? These types of problems can be solved by implementing an income recognition policy for your organization. What all goes into this type of policy? A well-designed policy will cover: 🔹 Revenue Matching 🔹 Donations & Contributions 🔹 Grants & Contracts 🔹 Sales Revenue 🔹 In-Kind Contributions Luckily, your organization doesn’t need to start from scratch to develop this policy. We’ve created a template for you! 📥 Download Jitasa’s free income recognition policy template and take control of your nonprofit’s income accounting: https://bit.ly/4dy2mj0 #NonprofitFinance #IncomeRecognition #Transparency #FinancialManagement #NonprofitTemplates
There’s often new audit, accounting, and tax regulations nonprofits should know, and 2024 is no different on that front. Check out CLA (CliftonLarsonAllen) insights for the top 5 audit, accounting, and tax updates for nonprofits for 2024. #cla #clapromise #nonprofits #taxupdates
