Increased Requirement Threshold for Charitable Organizations Raised to $2 Million
In 2022, the New Hampshire Charitable Trusts Unit increased the audit threshold to $2,000,000.
In 2022, the New Hampshire Charitable Trusts Unit increased the audit threshold to $2,000,000.
The IRS has recently expanded its IP PIN program to be available to all taxpayers.
Learn more about the accounting standards update 2020-07 which impacts all nonprofits that receive in-kind donations.
New Hampshire Governor Chris Sununu, through the Governor’s office for Emergency Relief and Recovery (GOFERR), established the NH Nonprofit Emergency Relief Fund. Supported by the CARES Act, $60 [...]
Receiving funding from a grant or contributor can be incredibly exciting for nonprofits. Knowing how to account for the resulting revenue stream, however, can be a completely different story.
Every nonprofit organization faces various financial risks and vulnerabilities, making it essential to implement a comprehensive range of controls. Understanding some essential financial controls [...]
If you work in the United States, you're likely already familiar with the individual income tax. The Tax Cuts and Jobs Act (TCJA) has potentially revamped the landscape for taxpayers on a [...]
If you work in the United States, you're likely already familiar with the individual income tax. The Tax Cuts and Jobs Act (TCJA) has potentially revamped the landscape for taxpayers on a [...]
Serving New Hampshire’s small-to-medium sized businesses since 1973. Leone, McDonnell & Roberts, Professional Association, is proud to have many long-standing clients. We attribute this to recognizing that sometimes it’s not what you say, but what you hear.