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Gifts to Charity: Six Facts About Written Acknowledgments

If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you need to make sure you are completing all the necessary steps in the process.

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Deciphering the Tax Rules for Your Nonprofit

Running a nonprofit is hard work. It also can be rewarding. So it is important to understand the benefits, such as tax-exempt status, when you’re preparing to launch a community, charity, or nonprofit organization. Establishing a tax-exempt nonprofit isn’t easy, and you may be wondering how aspects of these tax rules apply to your nonprofit. A lot of moving parts need to be handled, and they are best handled by professionals.

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QuickBooks Can Help Prevent Fraud

Many businesses have experienced fraud first-hand. Those who survived the theft are quick to implement accounting controls. Weak controls allow fraud to penetrate and persist in companies undetected for years. By using some of the tools in QuickBooks and implementing the appropriate controls around cash, your business has a better chance of success.

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Outsourced Accounting and Due Diligence

Due diligence is an investigation, an audit or a review performed to confirm facts or details of financial records. The objective is to confirm accuracy and appraise value. Audits often help uncover issues and avert potential ones in the future. When you outsource accounting, you're allowing an in-depth analysis of your company's financial records by another company.

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