To meet the increased demand for outsourced accounting services, we’ve expanded our team. We are poised to take on new clients in the client services accounting space. Contact us to discuss your organizaton’s needs in this area. Our team is here to help your organization succeed. https://www.legacycpas.com/client-service-accounting
Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services valued at less than the contributor’s payment. Among other things, these arrangements create reporting obligations for your nonprofit. And if you don’t meet these obligations, the IRS could assess financial ... Read More ›
Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the gaps with freelancers and contractors. However, such decisions can lead to trouble if these workers should really be classified as employees according to the Department of Labor (DOL) or the IRS. To ensure your workers ... Read More ›