Industries Insights

Should your nonprofit outsource to an AMC? | business consulting and accounting services in elkton | weyrich, cronin and sorra

Non-Profits

Should your nonprofit outsource to an AMC?

If you’re like most nonprofit leaders, you want to dedicate your time to mission-critical work. But if you run a relatively new nonprofit with…
“Privacy, please” when your nonprofit stores sensitive data | accounting firms in baltimore | Weyrich, Cronin & Sorra

Non-Profits

“Privacy, please” when your nonprofit stores sensitive data

How well does your nonprofit protect the privacy of donors, staffers, clients and volunteers? It’s an important question because failure to…
7 ways to cut nonprofit costs rather than staffers | accounting firm in elkton md | Weyrich, Cronin & Sorra

Non-Profits

7 ways to cut nonprofit costs rather than staffers

It wasn’t long ago that the not-for-profit sector was struggling to find enough staffers to hire. Now that many organizations are losing federal…
Nonprofit board members: Watch for financial warning signs | accounting firm in baltimore county md | weyrich, cronin and sorra

Non-Profits

Nonprofit board members: Watch for financial warning signs

In addition to widespread federal funding cuts, many not-for-profit leaders are concerned about a possible economic downturn. If you’re a on…
Making cost-allocation decisions for your nonprofit | accounting firm in alexandria va | weyrich, cronin and sorra

Non-Profits

Making cost-allocation decisions for your nonprofit

Cost allocation probably isn’t your favorite task — particularly if your not-for-profit has many activities. Yet the process is critical…
Preparing for a financial crisis? Build up operating reserves | cpa in alexandria va | Weyrich, Cronin & Sorra

Non-Profits

Preparing for a financial crisis? Build up operating reserves

You never know when your not-for-profit might experience a financial blow. With the current efforts in Washington to slash expenses, some nonprofits…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
13 Feb

"New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide." https://bit.ly/3PDkHBb

wcscpas Weyrich Cronin Sorra @wcscpas ·
11 Feb

"You may spend years building up your traditional IRA, but there is a time when you must start taking withdrawals. Here are answers to frequently asked questions about required minimum distributions." https://bit.ly/3C4uFbF