Industries Insights

Your nonprofit probably won’t be audited by the IRS, but if it is … | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Non-Profits

Your nonprofit probably won’t be audited by the IRS, but if it is …

Despite recent accusations that the IRS targets certain types of tax-exempt organizations for audit, not-for-profit audits generally are rare.…
Make a fraud recovery plan now, before your nonprofit is defrauded | tax preparation in hunt valley md | Weyrich, Cronin & Sorra

Non-Profits

Make a fraud recovery plan now, before your nonprofit is defrauded

According to the Association of Certified Fraud Examiners (ACFE), not-for-profit organizations make up 9% of all defrauded organizations. Such…
Passing the public support test | quickbooks consulting in cecil county md | Weyrich, Cronin & Sorra

Non-Profits

Passing the public support test

Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important,…
A refresher on nonprofit endowment management | accounting firm in washington dc | Weyrich, Cronin & Sorra

Non-Profits

A refresher on nonprofit endowment management

If your not-for-profit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed…
Tips to help prevent accounting and tax errors | quickbooks consulting in washington dc | Weyrich, Cronin & Sorra

Non-Profits

Tips to help prevent accounting and tax errors

Although failing to file a Form 990 with the IRS when required to do so is probably a more serious mistake, filing it with data errors isn’t…
A financial dashboard can take your nonprofit where it wants to go | quickbooks consulting in bel air md | Weyrich, Cronin & Sorra

Non-Profits

A financial dashboard can take your nonprofit where it wants to go

Does your board have a quick and easy way to assess your not-for-profit’s financial performance? It does if it has a dashboard with carefully…

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