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Welcome charitable pledges — and account for them properly | CPA in cecil county md | Weyrich, Cronin & Sorra

Non-Profits

Welcome charitable pledges — and account for them properly

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the future, and donations…
When your nonprofit’s debt-financed income is subject to tax | Tax accountant in baltimore MD | weyrich, cronin and sorra

Non-Profits

When your nonprofit’s debt-financed income is subject to tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business…
Get the word out about IRA qualified charitable distributions - Accountant in cecil county md - Weyrich, Cronin & Sorra

Non-Profits

Get the word out about IRA qualified charitable distributions

The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your not-for-profit organization…
Nonprofit refresher course: Excess benefit transactions - business consulting services in elkton md - Weyrich, Cronin & Sorra

Non-Profits

Nonprofit refresher course: Excess benefit transactions

Most not-for-profit leaders are familiar with the concept of excess benefit transactions and the need to avoid them. But a refresher course may…
Planning an event? Don’t neglect sponsorships - business consulting and accounting services in bel air md - weyrich, cronin and sorra

Non-Profits

Planning an event? Don’t neglect sponsorships

There are many ways to evaluate the success of a not-for-profit event. But for most nonprofit leaders, financial success — how much did we…
Update on a possible universal charitable deduction - business consulting and accounting services in harford county - Weyrich, Cronin and Sorra

Non-Profits

Update on a possible universal charitable deduction

During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to…

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