Trudy's 990 Traps to Avoid

In my previous blog I discussed the rules requiring charitable organizations to provide receipts to donors, but how many of you know how to report these contributions to the IRS on their 990 series return?

While not overly complicated, if you aren’t recording your transactions properly you may create more work for yourself and your accountant come 990 time.

Tax Deductions for Giving - Keeping Donors Happy

It’s early January and here at our accounting firm and we are moving at warp speed.  The IRS has some required deadlines that force us to work seven days a week to help our clients comply.  We are busy preparing our W-2s for all of our payroll clients, and 1099’s for our business clients.  These documents have to be in the mail by January 31st.

Does your small nonprofit have any worries for January?

Previously we discussed your need to prepare 1099s for those unincorporated businesses that provided services to your organization, and they must be mailed by January 31st.  There is another potential requirement for you!

The 6 Most Important Documents You Need at Your Fingertips

In the world of public accounting one of our best practices is the client “Permanent File”.  CPAs often represent clients throughout their business life cycle.  The permanent file is the place we keep documents we need at our fingertips. Your organization needs access to your important documents as well.

Booster Compliance Program...one year later...

Hi gang, Trudy here!

Dave Lauer presents
 Treasurer Briefcase's Booster Compliance Program

It's been about a year since the Treasurer's Briefcase team made our first visit to Steinert High School to help their booster clubs organize their finances.

Dave and the rest of our team at TBC explained to Steinert's booster clubs how they could easily become legitimate non-profit organizations. We spoke with over a dozen clubs back in December of 2012 and we're excited to tell you what's happened since then.