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#NonprofitOfficeHours is still new, but it’s already given me some of my favorite conversations of the year. Some topics people have brought to the table include: ● A policy to stop vendor perks (like hotel credits for personal trips) from going to individual employees ● Language for a sensitive disclosure that satisfied the auditor and respected the situation ● A response to an internal control letter ● A second look at a pledge discount calculation ● Whether a nonprofit needs a Uniform Guidance audit Perhaps my favorite thing about #NonprofitOffice hours is who we’ve been able to help: old colleagues, new connections, controllers, accountants, nonprofit directors, other auditors, and everyone in between. If there’s a nonprofit accounting question you have, however big or small, I’d love to help. No sales pitch, totally free, and open to any topic that you’re hung up on. You can schedule a 20-minute call via the link in the comments. #NonprofitOfficeHours Mullins, P.C.

We just built a free tool for nonprofits and I think its pretty cool. For a long time, I've wondered why it is not simpler to determine which states require an audit. We have all scrolled the lists of states and read the requirements for each state one at a time. This should not be this complicated. So, we set out to fix it with the MPC State Reporting Navigator. Just select the states you fundraise / solicit in, input two quick numbers, and find out which states require an audit, a review, a compilation, or nothing. What do you think? I dropped a link in the comments.

The right partner makes every client’s audit feel simple. Mullins P.C. works exclusively with nonprofits, including associations and membership organizations, with senior CPAs on every engagement and flat fees you can plan around. CPAs refer us their audit work. Associations trust us with their books. We’d like to earn that trust from you too. Reach out, talk to a real person, and we’ll figure out how to help.

The right partner makes an audit feel simple. Mullins P.C. works exclusively with nonprofits, with senior CPAs on every engagement and fixed-fee pricing you can plan around. CPAs refer us their audit work. Nonprofits trust us with their story. We'd like to earn that trust from you too. Reach out today, connect with a real person, and we'll figure out how to help.

Can a charity file Form 990-N if its gross receipts are MORE than $50,000? Most people would answer NO. Surprisingly, the answer can be YES. The $50,000 test for Form 990-N eligibility is not based solely on this year's gross receipts. Instead, the IRS looks at whether the organization's normally annual gross receipts are $50,000 or less. For many organizations, that means looking at a multi-year average—not just one unusually large year. The IRS allows organizations to determine whether their gross receipts are normally $50,000 or less using its averaging rules. The practical takeaway: Don't assume a single year above $50,000 automatically disqualifies an organization from filing Form 990-N. Likewise, don't assume an organization below $50,000 this year automatically qualifies. The filing requirement depends on whether the organization's normally annual gross receipts are $50,000 or less under the IRS rules. A single year's revenue doesn't always determine the filing requirement. #NonprofitAccounting #Form990N #NonprofitCompliance #TaxExempt #NonprofitLeadership #NonprofitFinance #IRSCompliance

Have a nonprofit accounting question you cannot quite figure out? Maybe it involves revenue recognition, net assets, a reconciliation, Form 990, governance, or a question your auditor asked that has you stumped. Maybe you are simply wondering, “Is this a dumb question?” It isn’t. So I’m trying something. We are launching #NonprofitOfficeHours and opening a limited number of complimentary appointments to the nonprofit community. You do not need to be a client. You could be a nonprofit employee, board member, consultant, accountant, or even another auditor. There is no sales pitch and no strings attached, just an opportunity to talk through the issue and help you find a practical next step. Even though I have spent 20+ years serving 600+ nonprofits with audits and 990s, I still learn something in most of these conversations. I may not have every answer on the spot, but I will listen, help you work through it, and point you somewhere useful. I’ve dropped a link in the comments to schedule time. #NonprofitOfficeHours #NonprofitAccounting #NonprofitFinance #NonprofitLeadership