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California nonprofit audit

How to Transition to Ongoing Fundraising for Your California Nonprofit

October 19, 2021 by WSI Reports

Your California nonprofit likely had ad hoc fundraising during its infancy. As it established itself, you probably cycled through intense fundraising campaigns followed by slow periods of donations trickling in. As your nonprofit continues to expand with larger operations and more staff, supporters, and volunteers, you’ll face an ever increasing need to transition your fundraising […]

Categories: Filed Under: California nonprofit audit Tags: Tagged With: tax services

How Nonprofits Can Mitigate Volunteer Liability Issues

July 15, 2021 by WSI Reports

After a long year away from your volunteers during COVID, it’s wonderful to see their faces back at your nonprofit’s site. However, their return brings an increased risk of liability. Just as employees could sue you for injuries or other harm contracted while on the job, volunteers can pin you with a lawsuit. Nonprofit audit and broker dealer audit experts alike suggest having processes in place to reduce the risk of lawsuits from all stakeholders.

Categories: Filed Under: California nonprofit audit Tags: Tagged With: nonprofit audit

Working with another nonprofit? Here’s how to divide up financial reporting.

August 17, 2020 by WSI Reports

Sometimes, nonprofit organizations will work with other companies to accomplish things better together. With these arrangements, both companies can save money and do their job more efficiently. Working with other companies is often a great idea, but it is critical that your accounting departments know how to accurately report these collaborations to the government. Reporting […]

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Failed to file your Form 990s? Here’s how your nonprofit can regain tax-exempt status

July 9, 2020 by WSI Reports

Not-for-profit companies must stay up to date on filing form 990 or 990-N with the IRS in order to maintain tax-exempt status. If at all possible, it’s best to avoid losing tax-exempt status in the first place, because failing to uphold California nonprofit audit compliance requirements means your company may be subject to corporate taxes […]

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