Author Archives: esol4489

Not for Profit Organizations: Maintaining Your Tax-Exempt Status

Obtaining and maintaining 501(c)(3) tax-exempt status is crucial to the success of charitable organizations. This online training provides you with the tools and knowledge necessary to keep your organization’s exempt status intact. To learn more about maintaining your tax-exempt status … Continue reading

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Form 990 Case Study

Before you file your Form 990, it may be worthy reviewing the case study below to help you get a better understanding of the new redesigned Form 990. The IRS developed this case study using a hypothetical disaster relief organization … Continue reading

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Small Business Tax Saving Strategies for the 2012 Filing Season*

Small Business Tax Saving Strategies for the 2012 Filing Season* INTRODUCTION 1: Welcome 2: Advice for Small Businesses from CPAs It is my pleasure to present to you a few of the important tax issues that may have an impact … Continue reading

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Tax Saving Strategies for the 2012 Filing Season*

INTRODUCTION 1: Advice from CPAs Whether you’re training for a marathon, landing the job of your dreams or closing a sale, you’re not going to succeed without being well prepared and fully informed. Well, the same holds true when managing … Continue reading

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Tax Form 990- Not For Profit Taxation

Avoid late filing of your tax returns Did you know late filing for your tax returns without applying for extensions can cause payment of penalties? For example (Year 2010)  when tax form 990 is filed late for an organization whose … Continue reading

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Corruption/Kickbacks at the time of awarding contracts on the Increase

Corruption at work place has been on the increase with devastating results and with loss of billions of dollars. Recently at Eyaktek Corporation an   executive was among four charged in a federal bribery case. For more details read: Executive Charged … Continue reading

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Subtotals Using Excel Subtotal Function

You can have Excel calculate subtotals for a portion of your worksheet data. Let me explain this with an exercise. With this exercise, let us assume we need to subtotal value of the journal entries processed each day of the … Continue reading

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Statement of Activities for Non Profits

The other statement that I thought may be worthwhile posting an example of one of the accepted formats in this blog is the statement of activities. While the statement of cash flows is one of the basic statements of non … Continue reading

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Detailed Statement of Financial Position for Non Profits

 Let us continue with our discussion of the required basic Financial Statements for Non Profits. In my previous post see (Required Basic Financial Statements for Non Profits)  I promised to post an example of detailed presentation of Financial Position. Following … Continue reading

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Required Basic Financial Statements for Non Profits

For those who play one of the many roles of Non profits affairs as a donor, member, customer, supplier, supporter, student etc the presentation of the financial statements can sometimes be challenging. We have seen different forms of presentation of … Continue reading

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Posted in Accounting for Non Profits | 1 Comment