2023 Non-Profits Insights

Are your nonprofit’s interim and year-end financial statements at odds? | accounting firm in elkton md | Weyrich, Cronin & Sorra

Non-Profits

Are your nonprofit’s interim and year-end financial statements at odds?

Using the cash basis of accounting may make sense for your not-for-profit organization — at least at this stage. Many smaller nonprofits use…
Should you reassess your nonprofit’s office space? | cpa in cecil county md | Weyrich, Cronin & Sorra

Non-Profits

Should you reassess your nonprofit’s office space?

Since the original COVID-19 lockdowns, many not-for-profits have allowed their staffers to work from home — or work a hybrid schedule that…
Nonprofits and insurance: Getting it just right | accounting firm in cecil county md | Weyrich, Cronin & Sorra

Non-Profits

Nonprofits and insurance: Getting it just right

Whether you’re starting up a not-for-profit organization or your nonprofit has existed for years, you may have questions about insurance. For…
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,…

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