From an accounting perspective, nonprofit organizations are complex and weigh many factors when making financial decisions.
“Not only must these organizations keep up with numerous rules and regulations, but they often struggle to find a qualified board member who understands the intricacies of nonprofit accounting,” writes Jill Boyle in the May/June issue of CPA Voice. “Further, recent tax regulations indicate that the industry is no longer going to fly under lawmakers’ radar, which has been the perception in recent years. CPAs play a crucial role in helping nonprofit organizations maintain compliance and develop a strategic approach to their finances.”
CPAs working with nonprofits will find the work challenging and rewarding, Boyle writes, but have to know how to navigate the organization properly. Find out how in the rest of the article available online.
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