Non-Profits Insights

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…
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…

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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 ·
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