Non-Profits Insights

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 ·
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

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"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