Burlington CPA

Fundraising: Accounting for Special Events

Not-For-Profit Organizations have a number of options when it comes to generating revenue, but fundraising is generally the easiest. Making sure the organization is properly accounting for special event fundraising revenues and expenses is an important step in planning your next event! Learn more.

By |2024-02-29T18:06:20-05:00February 29th, 2024|Articles, Not For Profit|0 Comments

What You Should Send Your Treasurer-Finance Committee Monthly for Review

An active and engaged board is important in safeguarding charitable assets and furthering an organization’s mission. The treasurer and finance committee performing a monthly review of the organization’s finances is vital in keeping the board informed. Learn more by reading the full article.

By |2024-02-29T17:30:25-05:00February 29th, 2024|Articles, Not For Profit|0 Comments

Beneficial Ownership Information Reporting Under the CTA

Beginning January 1, 2024, many businesses are required to comply with the Corporate Transparency Act (CTA). It is anticipated that 32.6 million businesses will be required to comply with this reporting requirement. Click above to read the full article and learn more about the new requirements.

By |2024-02-28T11:02:50-05:00February 26th, 2024|Articles, Business Taxation, Individual Taxation|0 Comments

2023 Year-End Year-Round Tax Planning Guide

Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Your tax picture - and the tax law - may change from year to year. Check out the 2023 GBM Year-End Year-Round Tax Planning Guide.

By |2024-01-26T15:55:55-05:00January 26th, 2024|Articles, Individual Taxation|0 Comments

Charitable Solicitation License – Exceptions

Charitable solicitation licenses (“CSLs”) are a necessity for any organization that solicits the public for contributions or donations to support a charitable purpose, unless specifically exempt by law. Read more for a list of exemptions if required to file or renew in North Carolina.

By |2024-01-26T15:59:37-05:00January 26th, 2024|Articles, Not For Profit|0 Comments

Volunteer Expenses – Tracking for the Non-profit and for the Volunteer

Volunteers often accrue substantial expenses, which can have a negative affect on volunteer retention and recruitment. Many non-profits promote tax deductions to entice new donors, but does your organization use volunteer-related tax deductions to recruit and retain volunteers? Find out more.

By |2024-01-26T16:36:13-05:00January 26th, 2024|Articles, Not For Profit|0 Comments

Tips for Preparing Business Personal Property Tax Listings

Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Find out tips for preparing your property tax listing.

By |2024-01-19T15:00:36-05:00January 19th, 2024|Articles, Business Taxation, Individual Taxation|0 Comments

Charitable Deductions of Non-Cash Items — When Are You Required to Substantiate?

Numerous reputable charities embrace various kinds of assets or property (e.g., clothing, household appliances, furniture, artworks, and etc.) to support their charitable mission. The non-cash charitable contributions, however, must satisfy rigorous substantiation criteria to qualify for the deduction. Read more.

By |2023-12-22T16:48:06-05:00December 22nd, 2023|Articles, Individual Taxation, Not For Profit|0 Comments
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