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. […]
Yes, a Benefits Plan Audit Could Happen to You
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 […]
Charity Chief Cites Red Flags for Fraud and Other Misdeeds
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 […]
Think Like an Auditor: What Can You Learn About Your Revenue Picture?
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 Nonprofits Vary Widely
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 […]
Your 2013 Tax Return Is Filed…What Tax Records Can You Toss?
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 […]
Audit Threshold Raised For NFPs Receiving Federal Funds
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 […]
How to Take the Stress Out of an Independent Audit
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 […]
The NEW Yellow Book: What Every School District Auditor Needs to Know
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 […]
Career Opportunities
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 […]