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Nonprofits: How to Survive an IRS Audit
Uh oh. We are all afraid of getting audited by the IRS, but we don’t really know what would happen in one. Here is the True Life story of an environmental organization’s audit, how they survived, and their tips for the rest of us. I Survived an IRS Aud …
Get the Most Value from Your Audit
Audits are expensive in terms of money, staff time, and board attention. CPA Dennis Walsh tells us how to wring the most value from them: An IRS tax audit has been described as an autopsy without the benefit of death. The financial statem …
Outsource Your Bookkeeping!
Outsourced accounting — having the accounting done by an outside person or firm — isn’t new, but it is getting a second look as nonprofits search for ways to cut office costs.
Benchmarking and Analyzing Salaries: A Fast How-To
Everyone’s heard of benchmarking and salary analysis, but what are some easy tools to use? This article is adapted from a chapter in The Nonprofit’s Guide to Human Resources by Jan Masaoka, to be published by Nolo Press in the fall of 2011. …
Nonprofit Bookkeeping Test
If you’re not an accountant yourself, it can be hard to hire a qualified bookkeeper. How can you tell if an applicant really knows bookkeeping? CPA Dennis Walsh created this terrific assessment test you can give candidates for bookkeeping and ac …
A Board-Staff Agreement for Financial Accountability
Use this helpful template, and a discussion on the finance committee with the ED and the finance staff to clarify roles around accountability.
How Much to Pay the Executive Director?
Nonprofit board members are often puzzled when it comes to setting the salary of the executive director. Some legal and practical guidelines.
L3C: Pot of Gold or Space Invader?
Rick Cohen explores how for-profit organizations can get foundation grants and government tax exemptions usually reserved for nonprofits.
Attorney Recommends Review Instead of Audit
Attorney Tom Silk shares recommendations that nonprofit organizations are better served by reviews in place of full audits.
An Agreed-Upon-Procedures (AUP) Success Story
CPA Dennis Walsh discusses how using an Agreed-Upon-Procedures Engagement can done at much lower cost than audits to benefit nonprofits.
