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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…
Lost and found: Regaining your nonprofit’s tax-exempt status | business consulting firms in dc | Weyrich, Cronin & Sorra

Non-Profits

Lost and found: Regaining your nonprofit’s tax-exempt status

The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt…
Should your nonprofit compete, collaborate or both? | accountant in harford county md | weyrich, cronin and sorra

Non-Profits

Should your nonprofit compete, collaborate or both?

You’ve probably collaborated with other not-for-profits that share your space — maybe on a special event or fundraising campaign. Some organizations…
Nonprofit start-ups: Form 1023 or 1023-EZ? | accountant in alexandria va | Weyrich, Cronin & Sorra

Non-Profits

Nonprofit start-ups: Form 1023 or 1023-EZ?

If you’re starting up a new 501(c)(3) not-for-profit organization, you likely face many decisions. One of them is which form to use when applying…
How to get foundations to say “yes” to your grant proposals | accountant in baltimore county md | weyrich, cronin and sorra

Non-Profits

How to get foundations to say “yes” to your grant proposals

There are many thousands of charitable foundations in the United States. And, according to technology company Foundation Source, U.S. foundations…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
27 May

After filing, you may want to do some spring cleaning and discard tax documents. But don’t throw away records you might need in the case of an IRS audit. Here are the rules. https://bit.ly/4iBkIlb

wcscpas Weyrich Cronin Sorra @wcscpas ·
22 May

Your nonprofit must carefully review findings after an annual audit and correct any deficiencies identified in the audit report. But you should also consider acting on recommendations that can reduce risk. https://bit.ly/4iwzV72