by Shivani Daga, COO, NCheng LLP | Feb 16, 2023 | Featured, Uncategorized
As the world becomes increasingly aware of the need for sustainability, many businesses and individuals are looking for ways to reduce their carbon footprint and help preserve the environment. One way to do this is by “going green” or making...
by Shivani Daga, COO, NCheng LLP | Feb 16, 2023 | Featured
Form 990 is a tax form that must be filed annually by tax-exempt organizations, including non-profit organizations. The form provides information on an organization & financial activities, governance, and operations, making it a valuable resource for stakeholders,...
by Shivani Daga, COO, NCheng LLP | Feb 16, 2023 | Featured
Non-profit organizations play a critical role in society by providing essential services and addressing pressing social, environmental, and economic challenges. They are run differently than for-profit businesses and have a unique set of accounting and financial...
by Shivani Daga, COO, NCheng LLP | Dec 22, 2022 | Uncategorized
Skimpy audits can be red flags for possible fraudulent activities in nonprofits, according to the head of the New York attorney general’s Charities Bureau. In a recent interview, James Sheehan said an annual audit that includes a look at the organization’s control...
by Shivani Daga, COO, NCheng LLP | Dec 22, 2022 | Uncategorized
You’re probably already aware that the IRS has increased its scrutiny of nonprofits in recent years. In fact, the agency audited 8,000 nonprofits (out of 1.6 million tax-exempt groups) in 2014. So if your organization is chosen for an audit, you’re in good company....