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Welcome to Larson & Company's NonProfit Update
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Nonprofit organizations must account for donations and grants — from a foundation and even the government — using contributions as intended. Click through to learn what responsibilities you need to consider.
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You have employees, but you also may have independent contractors. Who are they and how do they affect your nonprofit organization? Click through to learn the difference and understand how to work with contractors.
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There's an infectious passion and energy nonprofits exude. People who work there are focused on mission building. But behind the scenes, financial management is essential. Click through for some insights into tax compliance, essential to any nonprofit's survival.
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The term "audit" carries a negative stigma and conjures images of grueling paperwork. But did you know that an audit might be to your advantage? Click through below to learn the benefits of nonprofit auditing.
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| Larson & Company, PC
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| nonprofitnewsletter@larsco.com
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| www.larsco.com
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| Kyle Robbins, CPA, Audit Partner
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| Office | 801.617.0644 | krobbins@larsco.com
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| Richard Scoresby, CPA, Tax Partner
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| Office | 801.984.1821 | rscoresby@larsco.com
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| Our firm provides the information in this e-newsletter for general guidance only,
and does not constitute the provision of legal advice, tax advice, accounting services,
investment advice, or professional consulting of any kind. The information provided herein should not be
used as a substitute for consultation with professional tax, accounting, legal, or other competent
advisers. Before making any decision or taking any action, you should consult a professional adviser who
has been provided with all pertinent facts relevant to your particular situation. Tax articles in this
e-newsletter are not intended to be used, and cannot be used by any taxpayer, for the purpose of
avoiding accuracy-related penalties that may be imposed on the taxpayer. The information is provided
"as is," with no assurance or guarantee of completeness, accuracy, or timeliness of the information,
and without warranty of any kind, express or implied, including but not limited to warranties of
performance, merchantability, and fitness for a particular purpose.
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