Intermediate QuickBooks – Best Practices for Nonprofits – October 2015
Following up on his morning workshop on QuickBooks fundamentals for new users, Partner Ian Shuman spent the afternoon reviewing more sophisticated QuickBooks best practices including: Budgeting Using Classes and Jobs Functional Classification of Expenses Expense Allocations Some Internal Control Considerations Recording Restricted P&L Activity Common QuickBooks Errors The presentation was hosted by the Center for…
Working Overseas: Individual Tax Impacts 2012
Gelman, Rosenberg & Freedman Principal Kate Fisken discusses the tax issues faced by staff on overseas assignments and their employers at 2012 InsideNGO Taxation Management of US Expats Seminar. Topics include types of expatriate assignments, exclusions and how to manage employer risk.
2012 Year End Tax Planning Seminar
In Gelman, Rosenberg & Freedman’s 2012 Year End Tax Planning Seminar, Director of Tax and Business Valuations Water Deyhle, CPA/ABV/CFF, MAFF discusses how best to plan for the numerous changes in the tax codes scheduled to occur at the end of 2012. Topic covered include: Changes in overall tax rates due to the expiration of the…
Calculating Indirect Rates for Nonprofits
Gelman, Rosenberg & Freedman Audit Partner Bob Albrecht, CPA, addresses the importance of indirect cost rates for various areas of nonprofit management and how to calculate them. Topics include: How to choose the right rate for your organization Preparation of rates in accordance with OMB Circulars A-122, A-121 and A-87 Establishment and approval of rates…
2012 Year-End Tax Planning Letter
The taxes implemented by the affordable care act and the expiration of many current tax cuts bring a great deal of uncertainty to this tax season. Gelman, Rosenberg & Freedman’s 2012 Year-End Tax Planning Letter provides advice on how to manage your tax situation in light of these uncertainties and how to take advantage of…
Capital Management for Nonprofits
Senior Audit Manager Trevor Williams presented on “The Effective Management of Nonprofit Investments: The Auditor’s Perspective” at a September 18, 2012 seminar entitled Capital Management for Nonprofits. Mr. Williams co-presented with Dwayne Jackson, a principal at Rembert Pendleton Jackson and Mike Gordon, vice president at Stout & Teague, and reviewed the following items: Keys to…
I Have to Report That, Right?
Gelman, Rosenberg & Freedman Nonprofit Tax Principal Richard Locastro, CPA, JD spoke at the American Institute of Certified Public Accountant’s Not-For-Profit Industry Conference on reporting rules for payroll, Form 1099 and other nonprofit transactions. Listen to his presentation here. The IRS reporting requirements of an not-for-profit’s many transactions can be confusing and overwhelming. Failure to…
Examining the Layers of Lobbying Tax Regulation
Gelman, Rosenberg & Freedman Nonprofit Tax Principals, Stephen Kelin and Richard Locastro, and Harmon, Curran, Spielberg + Eisenberg Attorney Elizabeth Kingsley navigate the legal requirements to maintain tax‐exempt status and explain the necessary filing requirements under the Lobbying Disclosure Act and IRS Forms 990 and 1120‐POL. You can also listen to the presentation here. In addition to…
Nonprofit Board Members: Role and Responsibilities
The value of a well-informed board of directors at nonprofit organizations cannot be taken for granted. Because board members are usually selected for multiple-year terms, clarifying the function of a board of directors and the responsibilities of its individual members is essential. The basic legal responsibility of a board member is to exercise reasonable business…
2012 Social Security Seminar
Walter H. Deyhle CPA, director of the tax and business valuation department at Gelman, Rosenberg & Freedman, presented at a complimentary social security seminar for the firm’s client’s on Tuesday, May 22. Among the topics covered were: Retirement benefit qualifications Steps to recover maximum benefits Strategies for single people, married couples, survivors and divorced individuals Medicare…