Collective Impact Projects Benefit Nonprofit Organizations
Your nonprofit doesn’t have to tackle big, complicated social challenges alone. Collective impact initiatives bring charities, businesses, and communities together. Here’s how.
The complexities of doing business as a nonprofit organization have never been greater. With significant experience in the nonprofit sector, Lumsden McCormick is uniquely qualified to help tax-exempt businesses operate more effectively in today’s demanding climate of increased regulations, growing competition, and shrinking resources.
With a long tradition of experience in working with tax-exempt organizations and an in-depth knowledge of New York State and U.S. tax laws, our service team will oversee all tax matters related to your nonprofit. We’ll proactively track the latest industry developments to ensure that you are in compliance with regulatory requirements and meet all tax filing obligations.
Our nonprofit tax services include:
Exempt Organizations Conference
Every fall, Lumsden McCormick sponsors an Exempt Organizations Conference featuring local and national experts presenting on a variety of pertinent industry topics. Visit our Events page for more information; details to follow. Contact Maria Gambacorta with further questions.
Our accessible team of professionals are committed to providing a wide range of services to support your needs. For more information on how Lumsden McCormick can help, contact Donna Gonser or complete the form below.
The executive branch is looking to increase revenue for the IRS. Translation: expect to see an increase in the number of IRS audits being performed, including industries not traditionally targeted.Learn More
The accounting for leases is changing significantly. The required implementation of FASB ASC 842 will mandate that most leases are included on the balance sheet as a right-of-use asset, with a corresponding lease liability. The new standard will impact nearly all commercial businesses and nonprofit organizations and is effective for annual reporting periods beginning after December 15, 2021.Learn More