Outsourcing Your Accounting Services

Nonprofit organizations, and accountants, understand the need to count every penny. Staying on track with your strategic plan and achieving your goals is based largely on how your organization manages its money. Is your accountant on staff as knowledgeable as you have come to expect? Do they have the benefit of industry perspective and continually…

Does Your Nonprofit Need an Annual Independent Audit?

The IRS does not require nonprofits to file annual independent audits, but many states do including Wisconsin. Every registered charitable organization that received contributions in excess of $500,000 during its most recently completed fiscal year must file an audited financial statement, prepared in accordance with generally accepted accounting principles, and accompanied by the opinion of…