Tax filing season is open

The holidays have wrapped up and the new year has begun. It’s time to start thinking about filing your tax return. The individual income tax filing season has officially opened in the state of Arizona. Technology has allowed for tax filing to be much more simplified. Now you can file on the Arizona Department of …

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Your responsibility for quality single audits

Beginning with the Single Audit Act Amendments of 1996, the Office of Management and Budget (OMB) took a leading role in single audits. Single audits are required of any organization who expends more than $500,000 in federal assistance during the year. In June 2007 the President’s Council on Integrity & Efficiency (PCIE) issued a report …

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More changes coming to form 990

The 990 is an annual informational reporting return that nearly all not-for-profit organizations must file with the IRS on an annual basis. It provides various information on the filing organization’s mission, programs, and finances. The 990 received a serious overhaul by the IRS a few years ago, and they’re still making changes to this day. …

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