Gentoo Archives: gentoo-nfp

From: Alec Warner <antarus@g.o>
To: "Michał Górny" <mgorny@g.o>
Cc: gentoo-nfp <gentoo-nfp@l.g.o>
Subject: Re: [gentoo-nfp] [Discussion and vote] Hire CPA for Fiscal 2020 taxes
Date: Tue, 21 Jul 2020 05:55:39
Message-Id: CAAr7Pr-A=A556jsMq1dnes_6hsYiJaQOcdUsxWbq1v3+bhWztg@mail.gmail.com
In Reply to: Re: [gentoo-nfp] [Discussion and vote] Hire CPA for Fiscal 2020 taxes by "Michał Górny"
1 On Mon, Jul 20, 2020 at 10:39 PM Michał Górny <mgorny@g.o> wrote:
2
3 > Dnia July 21, 2020 5:13:29 AM UTC, Alec Warner <antarus@g.o>
4 > napisał(a):
5 > >On Mon, Jul 20, 2020 at 9:38 PM Michał Górny <mgorny@g.o> wrote:
6 > >
7 > >> Dnia July 21, 2020 4:31:22 AM UTC, Alec Warner <antarus@g.o>
8 > >> napisał(a):
9 > >> >I drove.On Mon, Jul 20, 2020 at 8:10 PM Michał Górny
10 > >> ><mgorny@g.o>
11 > >> >wrote:
12 > >> >
13 > >> >> On Mon, 2020-07-20 at 15:33 -0700, Alec Warner wrote:
14 > >> >> > In our previous fiscal year we hired a firm to do our taxes for
15 > >> >2019, as
16 > >> >> > well as a number of previous years. Are there any concerns with
17 > >> >> > retaining this firm for the 2020 tax year?
18 > >> >> >
19 > >> >>
20 > >> >> 1. Are we talking about 'just' the filings or full-scale
21 > >bookkeeping
22 > >> >> this time?
23 > >> >>
24 > >> >
25 > >> >This is just the filings for now.
26 > >> >
27 > >> >
28 > >> >>
29 > >> >> 2. How hard would it be to do it ourselves, given we have previous
30 > >> >> filings by the CPA?
31 > >> >>
32 > >> >
33 > >> >I don't know anyone who could do them properly. I cannot do them
34 > >> >properly
35 > >> >for certain. The tax return last year was 14 pages.
36 > >> >
37 > >> >Obviously I could file something; but there are penalties for
38 > >> >making mistakes.
39 > >> >
40 > >> >
41 > >> >>
42 > >> >> 3. Could you get some quotes first?
43 > >> >>
44 > >> >
45 > >> >I haven't asked for a price from the CPA yet. Last year we paid
46 > >1500$
47 > >> >per
48 > >> >tax year (and per 1, this payment was just for taxes.
49 > >>
50 > >> Oh, one more thing I've forgotten to ask. How does this compare last
51 > >> years' donations, and what are our prospective donations for this
52 > >year
53 > >> (based on received so far vs 1st half last year)?
54 > >>
55 > >
56 > >Our fiscal year runs July => June. So the fiscal 2020 year just
57 > >completed.
58 > >We don't have complete financials for fiscal 2020 yet. I looked at the
59 > >paypal transactions and donations are slightly up from fiscal 2019. We
60 > >should have the financials done later in the year (typically around AGM
61 > >time.)
62 >
63 > Are you saying that we haven't been negatively impacted by the pandemic?
64 >
65
66 I'm saying the paypal donations look similar. It's not a complete
67 accounting (sometimes people give us money not through paypal.)
68
69 If you want a full accounting I recommend waiting for the report at the
70 AGM; this is me just trying to get you an estimated answer quickly. Does
71 that make sense?
72
73 -A
74
75
76 >
77 > >
78 > >-A
79 > >
80 > >
81 > >>
82 > >>
83 > >> --
84 > >> Best regards,
85 > >> Michał Górny
86 > >>
87 >
88 >
89 > --
90 > Best regards,
91 > Michał Górny
92 >

Replies

Subject Author
Re: [gentoo-nfp] [Discussion and vote] Hire CPA for Fiscal 2020 taxes "Michał Górny" <mgorny@g.o>