Non-profit Accounting Workshop
Petersen CPAs and South Central Washington Resource Conservation & Development recently held an all day workshop for non-profit and governmental organizations that was a huge success. Petersen...
View ArticleNon-profit financial reporting
Non-profits face some unique financial reporting requirements. They have to report on both what the money was spent on (salaries, supplies, utilities, etc.) and what purpose the expenditure served...
View ArticlePetersen CPAs’ Peer Review
Petersen CPAs & Advisors recently completed their peer review process and received a clean report: Peer Review 2012
View ArticlePlanning for Possible Changes in Your Audit Engagement
As you plan for your next financial statement audit, there are changes in auditing standards that may impact your engagement. Statements on Auditing Standards (SAS) Nos. 122-125 (referred to as the...
View ArticleChanging standards for leases: What lessees need to know
Off-balance-sheet reporting is one of the most attractive features of operating leases. This treatment and associated bright-line criteria, however, are the source of much criticism. In response,...
View ArticleRecognizing Charitable Contributions
Non-profits can receive a wide range of gifts from their supporters. If you are unsure what documentation the IRS requires for donors to substantiate a tax deduction for their gifts check out an...
View ArticleWritten Acknowledgement of Charitable Contributions
Taxpayers generally receive two benefits when they provide financial support to a non-profit organization. The first is the sense of satisfaction from contributing to an organization they believe in....
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