IRS catches nonprofit accounting cover-up

Posted Leave a commentPosted in Accounting, IRS, Nonprofit, Taxes

This week the Washington Post reported that Donald Trump was fined $2,500 by the IRS for filing a false report to the IRS about the activities of his nonprofit foundation. Nonprofit organizations are not supposed to give money to political campaigns. He did, and then covered up the political donation by reporting it to the […]

Save money by skipping small business accounting

Posted Leave a commentPosted in Accounting, IRS, Small Business

I have a few small business clients who do not bother with traditional accounting. That is, they do not have a system like QuickBooks or something similar to compile, organize and analyze their financial transaction records in real time. In most cases these are sole proprietors. But in one case an owner of a multi-million dollar sales […]