The great news is you have generous donors of really good items. The challenge is to account for those in a way that comply with accounting standards and related guidance for gifts-in-kind. Click here for guidance from the AICPA on managing this task.
Latest posts by WDCO Staff (see all)
- W-2 Employees or 1099-NEC Contractors? What are the Pitfalls if you Misclassify? - November 3, 2021
- Casualty Loss Summary - October 12, 2021
- COVID-Related Funding and a Single Audit – Are You Subject to One? - September 23, 2021
