Calculating surplus cash without an experienced accountant can be tricky and downright dangerous. If you do the calculation early, however, our accountants will be happy to review, re-calculate, and make suggestions where needed so you take home the right amount of surplus cash.
HUD loans finance many non-profit-seeking properties across the country, all of which are dedicated to the mission of providing safe, affordable housing for members of at-risk communities. The agreements drawn up for non-profit HUD properties include the calculation of surplus cash, which may sound like cash that can be used to upgrade the property’s facilities,…
Organizations that utilize gratitude can have a double impact on both their own employees as well as the people they serve. But when they don’t track purchased gifts carefully, these funds can slip through the cracks and encourage fraudulent purchases.
As of December 31, 2017, partners who sell more than 50% of their interest in a 12-month period no longer have to file a technical termination. This simplifies the tax filing process throughout the year, but organizations should keep their tax preparer informed of these changes so they have up-to-date information for next year’s return.