Easy Office Blog

Here is a good post from our friends at Blue Avocado.  http://www.blueavocado.org/node/718  It carries the scary title "I Survived an IRS audit."  However, as with most things in life, if you are doing nothing wrong you have nothing to hide.  The only reason to fear an IRS audit is if you are doing something inappropriate.  Granted, I suppose you can fear the time it will take.  And I suppose the fear that they will find an inadvertent honest mistake is a concern.  But largely I believe the IRS is looking for systematic fraud or pure chicanary.

You should also know that according to "Every Nonprofits' Tax Guide" by Stephen Fishman, only 0.8% of nonprofits are audited.  The IRS audits about 8,000 / year.  So chances are, you have very little to be worried about.

In the sector, we should be glad that the IRS helps us police the groups that give us all bad names.  Those bad apples need to be removed. 

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Check out this 30 minute video from Mary Leaton, CPA, DIrector of Accounting Services.  She quickly outlines the basic tenants to tracking and managing your grants.  Mary leverages her 20+ years of nonprofit accounting experience, along with her current responsibility for over $100M in grants, to deliver quick succinct best practices.

Let us know what you think!

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Watch this 45 webinar regarding nonprofit financial statements.  We cover how to read and interpret financial statements.  We show examples of reports.  We discuss the unique differences between for-profit and non-profit accounting terms.  It is a useful primer for any Executive Director or non-profit board member.

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Enjoy this 55 minute webinar, followed by 10 minutes of Q&A, delivered by Jeff Russell, CEO of Easy Office.  GIves a succinct overview of all facets for successful nonprofit accounting and bookkeeping.  Includes discussions on nonprofit specific rules and an overview of the required people, processes, and systems required to manage your financial information.   Let us know what you think!

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Easy Office continues to grow and assist more and more nonprofits in achieving their missions.  As of January 2012 our range of clients include nonprofits of all sizes and types, ranging from all-volunteer organizations, churches, Boy Scout councils, a $25M nonprofit in Michigan and a very popular Museum in NYC with a $1 billion balance sheet. 

We are humbled by the nonprofit sector’s response to our unique social venture organization.  Over the past 3 years we have learned a lot as an organization and we continue to reinvest in our people and our processes to ensure we are helping our clients improve their impact in our communities and in our world.  Click here (http://youtu.be/H3nxuxt1hlw) to watch a 6 minute talk from our CEO, Jeff Russell, about the founding of Easy Office and some recent the ways we’re continuing to make internal improvements that help us help our nonprofit clients with their missions throughout the world.

It is an honor for us to continue to work in this sector and to play a small role in the great work of the organizations we serve.

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