Ernst Wintter & Associates LLP https://www.ewallp.com Certified Public Accountants Sun, 12 Jul 2020 20:53:03 +0000 en-US hourly 1 https://www.ewallp.com/wp-content/uploads/favicon-100x100.jpg Ernst Wintter & Associates LLP https://www.ewallp.com 32 32 How To Replace Your Nonprofit Board for Better Leadership https://www.ewallp.com/how-to-replace-your-nonprofit-board-for-better-leadership/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-replace-your-nonprofit-board-for-better-leadership Sun, 12 Jul 2020 20:51:07 +0000 https://www.ewallp.com/?p=1546 When times are tough, nonprofits rely on their board of directors for leadership more than ever. Unfortunately, not every nonprofit board is equipped to lead well in a crisis. They might not have enough people, or lack the knowledge and experience that is needed to meet the latest challenge. If your board isn’t providing the… Read More

The post How To Replace Your Nonprofit Board for Better Leadership appeared first on Ernst Wintter & Associates LLP.

]]>
How to treat quid-pro-quo nonprofit contributions https://www.ewallp.com/how-to-treat-quid-pro-quo-nonprofit-contributions/?utm_source=rss&utm_medium=rss&utm_campaign=how-to-treat-quid-pro-quo-nonprofit-contributions Wed, 03 Jun 2020 23:37:04 +0000 https://www.ewallp.com/?p=1536 Most of us know that there are situations when charitable contributions are ineligible for tax deductions. This can be so even when someone itemizes their deductions and gives to tax-exempt organizations. One of these situations is “quid pro quo” donations. The IRS defines quid pro quo contributions as a situation where you provide goods or… Read More

The post How to treat quid-pro-quo nonprofit contributions appeared first on Ernst Wintter & Associates LLP.

]]>
Properly Valuing donated services and gifts in kind https://www.ewallp.com/properly-valuing-donated-services-and-gifts-in-kind/?utm_source=rss&utm_medium=rss&utm_campaign=properly-valuing-donated-services-and-gifts-in-kind Thu, 07 May 2020 11:00:56 +0000 https://www.ewallp.com/?p=1530 There’s no question that the COVID-19 pandemic has turned our economy upside down. Massive unemployment and shutdowns are causing a reduced ability for your nonprofit to function at the same time that demand for services is soaring. Unfortunately, it also means that many nonprofit donors are temporarily unable to donate money to their chosen charities.… Read More

The post Properly Valuing donated services and gifts in kind appeared first on Ernst Wintter & Associates LLP.

]]>
How The New COVID-19 Legislation Impacts Nonprofits and their Employees https://www.ewallp.com/how-the-new-covid-19-legislation-impacts-nonprofits-and-their-employees/?utm_source=rss&utm_medium=rss&utm_campaign=how-the-new-covid-19-legislation-impacts-nonprofits-and-their-employees Wed, 08 Apr 2020 08:33:02 +0000 https://www.ewallp.com/?p=1502 There’s no question that the Novel Coronavirus has caused chaos across our country, and nonprofits are not exempt. Some nonprofits, including California nonprofits, are overwhelmed with requests for services or financial help, while others have been forced to close temporarily. Either way, it’s critical that you know about new legislation passed in response to this… Read More

The post How The New COVID-19 Legislation Impacts Nonprofits and their Employees appeared first on Ernst Wintter & Associates LLP.

]]>
Double Donor Donations with Matching Gifts https://www.ewallp.com/double-donor-donations-matching-gifts/?utm_source=rss&utm_medium=rss&utm_campaign=double-donor-donations-matching-gifts Wed, 01 Apr 2020 00:15:02 +0000 https://www.ewallp.com/?p=1499 Most large U.S. employers have matching gift programs. Matching gifts are a corporate giving program that help nonprofits financially.  These are designed to help employees make an impact through charitable giving. According to Double the Donation, between $2 and $3 billion are donated in this way each year. However, up to $7 billion dollars in… Read More

The post Double Donor Donations with Matching Gifts appeared first on Ernst Wintter & Associates LLP.

]]>
Four Reasons Your Nonprofit Might be Subjected to an Audit https://www.ewallp.com/four-reasons-your-nonprofit-might-be-subjected-to-an-audit/?utm_source=rss&utm_medium=rss&utm_campaign=four-reasons-your-nonprofit-might-be-subjected-to-an-audit Thu, 27 Feb 2020 21:54:31 +0000 https://www.ewallp.com/?p=1483 Most of us worry about getting audited occasionally. After all, the IRS loves to get nosy with our personal taxes. But with nonprofits, the reasons for an audit are even more complicated. Fortunately, our qualified CPA firm can help you navigate federal and state regulations with nonprofit audit services. To help you and your governance… Read More

The post Four Reasons Your Nonprofit Might be Subjected to an Audit appeared first on Ernst Wintter & Associates LLP.

]]>
How new tax rules apply to your nonprofit’s donors https://www.ewallp.com/how-new-tax-rules-apply-to-your-nonprofits-donors/?utm_source=rss&utm_medium=rss&utm_campaign=how-new-tax-rules-apply-to-your-nonprofits-donors Fri, 21 Feb 2020 00:40:21 +0000 https://www.ewallp.com/?p=1474 For most charitable gifts, the ability to qualify for a tax deduction hasn’t changed with the passage of the Tax Cuts and Jobs Act. However, there are some changes to the recordkeeping requirements. Understanding these changes, and being able to help those donors who itemize deductions navigate them, is advantageous to your nonprofit. When nonprofit… Read More

The post How new tax rules apply to your nonprofit’s donors appeared first on Ernst Wintter & Associates LLP.

]]>
Keep your nonprofit afloat with a leadership succession plan https://www.ewallp.com/keep-your-nonprofit-afloat-with-a-leadership-succession-plan/?utm_source=rss&utm_medium=rss&utm_campaign=keep-your-nonprofit-afloat-with-a-leadership-succession-plan Mon, 17 Feb 2020 02:59:34 +0000 https://www.ewallp.com/?p=1467 If your top executive were to step down tomorrow, would your not-for-profit company be able to make a smooth leadership transition or would there be an overall lack of direction? According to the nonprofit BoardSource, only 27% of nonprofits have written succession plans. Unfortunately, without a succession plan these companies face an uncertain future: challenges… Read More

The post Keep your nonprofit afloat with a leadership succession plan appeared first on Ernst Wintter & Associates LLP.

]]>
How nonprofits can take advantage of corporate volunteers https://www.ewallp.com/how-nonprofits-can-take-advantage-of-corporate-volunteers/?utm_source=rss&utm_medium=rss&utm_campaign=how-nonprofits-can-take-advantage-of-corporate-volunteers Fri, 20 Dec 2019 12:05:01 +0000 https://www.ewallp.com/?p=1402 A strong corps of volunteers who operate within a robust volunteer program can be a huge help to many nonprofits. Where employees or outside professionals like lawyers or nonprofit audit services are not needed, volunteers can step in and provide vital assistance in day-to-day operations or annual projects. And according to multiple societies that serve… Read More

The post How nonprofits can take advantage of corporate volunteers appeared first on Ernst Wintter & Associates LLP.

]]>
Accounting for contributions and grants is now easier https://www.ewallp.com/accounting-for-contributions-and-grants-is-now-easier/?utm_source=rss&utm_medium=rss&utm_campaign=accounting-for-contributions-and-grants-is-now-easier Mon, 25 Nov 2019 10:59:00 +0000 https://www.ewallp.com/?p=1389 For many not-for-profits, it’s time to enlist the help of nonprofit audit services to get everything in order for end-of-the-quarter or end-of-the-year accounting. The good news is, there is new guidance from the Financial Accounting Standards Board (FASB) that helps organizations navigate the sometimes gray area of categorizing grants and contributions. Here is a brief… Read More

The post Accounting for contributions and grants is now easier appeared first on Ernst Wintter & Associates LLP.

]]>