Bookkeeping

If you don’t hear back from the IRS within 90 days, call Customer Account Services to check on its status. If the value of the donation is small (below $5,000) the IRS will let you determine a donation’s fair market value yourself, usually based how much comparable goods and services are selling on the market. […]

Additionally, accounting software can be configured to integrate with your nonprofit’s other tools, such as CRM systems and grant management platforms. With an organized system, your nonprofit can access and utilize numerous data points for a comprehensive approach to financial management. The Internal Revenue Service (IRS) regulates nonprofit accounting with specific rules and practices for

Inflation is on the rise, and nonprofits are not exempt from its effects. We’re diving into the harmful impact of inflation and sharing ways your nonprofit can weather the storm. As you go along, don’t be afraid to make changes and adjustments to your budget to better fit the year’s actual numbers. Overview of the

If the S corporation has not already paid all use tax due to the California Department of Tax and Fee Administration (CDTFA), it may be able to report and pay the use tax due on its state income tax return. However, S corporations required to hold a California seller’s permit or to california tax rate

Most bookkeepers work in an office environment for a typical 9 to 5 hours and spend a large amount of their time in front of a computer. As a professional bookkeeper, you will usually be working alone but may have a few people from other areas of accounting work alongside you. It is even possible