State laws govern nonprofit statuses, while federal laws govern tax-exempt statuses. If you want to apply for exemption from taxes, you will need to figure out whether your organization is categorized as a trust, corporation, or an association.
If you expect to itemize deductions in 2022, you may benefit from contributions to qualified charitable organizations. As long as you make a donation in 2022, it is deductible on your 2022 return, including charging the donation to a credit card on December 31.
As part of our workplace culture, we take time to give back to charitable organizations. Our most recent community effort involved packing meals for malnourished children. Everyone that participated felt grateful for what we take for granted everyday: food.
Congratulations to Arturo N. Moreno, CPA on his appointment as Board Chair for NourishPHX. NourishPHX assists families and individuals with meeting their daily basic living needs by providing food, clothing, hygiene supplies, and household items.
One of the most challenging responsibilities for Arizona nonprofit CFOs is managing a budget with financial constraints. Even though it may be needed, financial management software can sometimes seem like a distracting and risky problem. Benefits from cloud-based accounting may outweigh the risks.
As a partner sponsor, Wallace Plese + Dreher exhibited at the Arizona Technology Council Governor’s Celebration of Innovation Awards on October 24, 2019.
Congratulations to Sara B. Nance, CPA on her recognition as one of the Most Influential Women in Arizona 2019. Chosen from more than 2,000 women, Sara and 49 other talented women were selected for impacting their organizations and business community.
Wallace, Plese + Dreher (WP+D) believes in supporting our military and recognizes their sacrifices in protecting and defending the U.S. As one of the Firm’s community projects, we organized a drive to collect school supplies for Military Assistance Mission (MAM). With increased Arizona deployments, military children face many challenges and adjustments when family members are deployed.
Sara B. Nance, CPA added to ICAN: Positive Programs for Youth’s Board of Directors. The Firm’s commitment to the nonprofit sector is demonstrated by our involvement in community projects and participation on boards.
Wallace, Plese + Dreher (WP+D) showed support for the Associated General Contractors of America, Arizona Chapter (AZAGC), by participating in its annual 2017 AZAGC Inaugural Bowling Tournament, on September 15, 2017, Phoenix, Arizona.