When to Look a Gift Horse in the Mouth — and Report its Value
The familiar proverb “Don’t look a gift horse in the mouth” is good advice in many circumstances — but not when your nonprofit receives a generous gift of noncash property. […]
The familiar proverb “Don’t look a gift horse in the mouth” is good advice in many circumstances — but not when your nonprofit receives a generous gift of noncash property. […]
Many business owners worry about an income tax audit. But, if you sponsor an employee benefits plan, the IRS could audit it as well. Here are some common questions that […]
Skimpy audits can be red flags for possible fraudulent activities, according to the head of the New York attorney general’s Charities Bureau. In a recent interview, James Sheehan said an […]
When auditors examine a nonprofit’s financial statements they spend a lot of time on the revenue figures. They look at the accounting methods used to record revenues and perform a […]
IRS reviews of charities and other nonprofits were once relatively rare. For example, only the largest nonprofits would find an IRS audit team at their door. But in recent years […]
The short answer is: none. You need to hold on to all of your 2013 tax records for now. But this is a great time to take a look at […]
If your nonprofit spends $750,000 or more in federal awards in a fiscal year, it will be required to undergo a single audit, according to new guidelines from the Office […]
When you think of your next audit by an outside CPA firm, do you fear hearing words such as “unexplained differences,” “unsatisfactory explanation,” “noncompliant” and “we’ll need more time”? If […]
Gilbert’s Managing Shareholder, Thomas Gilbert, was a key presenter at the 2013 CalCPA School Districts Conference on May 8 in Sacramento. His presentation “The New Yellow Book: What Every School […]
Gilbert, Inc. is looking for experienced staff. If you would like to be considered for a position with our firm, please contact our office at: resumes@gilbertcpa.com. We are currently hiring for […]