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Latest Articles
Is Your Nonprofit Ready for the New Nonprofit Financial Statement Rules?
In August 2016, the Financial Accounting Standards Board ("FASB"), the accounting standard setter in the US, issued accounting guidance specific to nonprofit organizations called Acc [...]
Is Your Nonprofit Ready for the New Revenue Recognition Rules?
In May 2014, after years of research and deliberation, the Financial Accounting Standards Board (FASB), approved a sweeping change to revenue recognition accounting guidance, culmina [...]
Was Your Tax-exempt Status Revoked? There is a Path Forward.
As you'd expect, the IRS has strict rules about filing tax returns on time, and it’s no different (well, at least not completely different) for exempt organizations. Not filing these [...]
Is My Small Nonprofit at Risk for Fraud?
Every now and again you’ll read a story or hear about it. Someone at a local nonprofit was caught embezzling money. No one ever expected this person to do that! They’re so nice and h [...]
Charitable Solicitation in Virginia
Did you know that in order to legally solicit charitable contributions in Virginia, charitable organizations are required to be registered with the state prior to actually soliciting? [...]
QuickBooks Online Q&A – Using Classes and Locations
Some of you may not be aware of the Class and Location categories in QuickBooks Online (QBO). Many more may be aware of them and know they're different but may not be completely clea [...]
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OFFICE NUMBER
571.306.0568
info@drcrsolutions.com
OFFICE HOURS
8:30am – 5:30pm
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