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Hiring a Tax Professional? Here are Top Three Questions to Ask. It was Benjamin Franklin who said nothing is certain “except death and taxes.” And if you’re like most people, you probably aren’t too excited about the upcoming tax season. In fact, only 45% of the American public has a favorable view of the IRS, … Continue reading Top 3 Questions Tax Professional should answer before hiring them

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Not all gifts or donations to non-profits are created equal.  Infact, there are certain cases where the non-profit may even consider not accepting the gift at all.  Gifts of real-estate, for example, may cause the non-profit to incur upfront costs to either maintain or sell the property that they do not currently have available. One … Continue reading Not All Non-Profit Donations Are Created Equal

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We’ll save you money– Hiring a virtual CPA will save you money as you only use us when you need us– as little or as often as you need — rather than having a full time CFO in the office all of the time, demanding a high salary. You get the freedom and flexibility to … Continue reading 5 Reasons to hire Integrity Accounting as your Virtual CFOs

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Integrity has performed accounting services for small businesses across New Mexico for several years.  During this time, we have heard several business owners list regretful decisions that they made while their business was either just starting out or in the growing phase.  Accounting mistakes can put your business in a bad position, leaving you with … Continue reading Accounting Mistakes for New Mexico Small Businesses to Avoid

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For not-for-profits, June 30th marks the time for year-end audits.  As with most years, 2017 brings several changes to the not-for-profits tax code and many other issues.  During this time, management can find themselves in a very stressful situation, or even at risk of losing their tax exempt status. A few of the changes this … Continue reading Top Concerns for Not-For-Profits in 2017

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New Mexico CPA Tips on ID Theft Prevention: The IRS has recently implemented various authentication measures that emerged from the Security Summit. While many of the measures might go unnoticed, some are quite obvious. One measure is the two-factor authentication for e-services – which has already prompted a lot of feedback (including some complaints.) But … Continue reading New Mexico CPA Tips: ID Theft Prevention

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During January All Employers – Give your employees their copies of Form W-2 for 2016 by January 31, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the employee and notify the employee of the posting by January 31. All Businesses – Give annual information statements to … Continue reading Federal Tax Due Dates Calendar 2017

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Before delving any further into the oft-misunderstood world of 990s, here are a few of the more salient though little-known facts about them: In a 2012 study of the 990 forms that had been filed between 2001 and 2006, Identity Founder (as reported in The Chronicle of Philanthropy) found that one in five tax-exempt organizations … Continue reading Filing that 990 So You Can Stay Tax-Exempt

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Well, there are many reasons. Not least among them being: we at Integrity Accounting like what we do. To paraphrase Sally Field: We really, really like it. Is filing taxes something you enjoy doing as much as we do? If it is, if you like doing it and it’s cost-effective, i.e., if you’re taxes are … Continue reading You Know You Need Integrity Accounting To Help File Your Taxes If . . .

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So you’ve secured your nonprofit’s tax-exempt status. Congratulations! Now that you’re done, it can be tempting to coast. However, a quick glance through Google News shows 5 articles about organizations that may be losing their tax-exempt status. The NFL and the YMCA two of the high-profile cases. So, how do you keep you tax-exempt status … Continue reading 4 Ways to (Not) Lose Your Nonprofit’s Tax Exempt Status

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Employees in nonprofit organizations wear many hats. Directors end up managing budgets and program managers end up managing marketing campaigns. There are limited available resources, and everyone has to be ready to step up to the plate. With help, most employees can piece together a marketing campaign or a new budget without significant negative consequences. … Continue reading How to Claim and Protect Your Tax Exempt Status

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Small Business Taxes From January to April, countless organizations and individuals scramble to prepare documents for tax season. For the majority of the year, most businesses focus on new products, sales, and customers. Little attention is given to accounting best practices.  If you feel like you’re in this boat, don’t worry – you’re not alone. This … Continue reading 4 Tax Tips for Small Businesses