Gentoo Archives: gentoo-nfp

From: "Michał Górny" <mgorny@g.o>
To: Alec Warner <antarus@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 05:39:19
Message-Id: 63654E03-E140-4BCC-8A82-15C4C65A8FD5@gentoo.org
In Reply to: Re: [gentoo-nfp] [Discussion and vote] Hire CPA for Fiscal 2020 taxes by Alec Warner
1 Dnia July 21, 2020 5:13:29 AM UTC, Alec Warner <antarus@g.o> napisał(a):
2 >On Mon, Jul 20, 2020 at 9:38 PM Michał Górny <mgorny@g.o> wrote:
3 >
4 >> Dnia July 21, 2020 4:31:22 AM UTC, Alec Warner <antarus@g.o>
5 >> napisał(a):
6 >> >I drove.On Mon, Jul 20, 2020 at 8:10 PM Michał Górny
7 >> ><mgorny@g.o>
8 >> >wrote:
9 >> >
10 >> >> On Mon, 2020-07-20 at 15:33 -0700, Alec Warner wrote:
11 >> >> > In our previous fiscal year we hired a firm to do our taxes for
12 >> >2019, as
13 >> >> > well as a number of previous years. Are there any concerns with
14 >> >> > retaining this firm for the 2020 tax year?
15 >> >> >
16 >> >>
17 >> >> 1. Are we talking about 'just' the filings or full-scale
18 >bookkeeping
19 >> >> this time?
20 >> >>
21 >> >
22 >> >This is just the filings for now.
23 >> >
24 >> >
25 >> >>
26 >> >> 2. How hard would it be to do it ourselves, given we have previous
27 >> >> filings by the CPA?
28 >> >>
29 >> >
30 >> >I don't know anyone who could do them properly. I cannot do them
31 >> >properly
32 >> >for certain. The tax return last year was 14 pages.
33 >> >
34 >> >Obviously I could file something; but there are penalties for
35 >> >making mistakes.
36 >> >
37 >> >
38 >> >>
39 >> >> 3. Could you get some quotes first?
40 >> >>
41 >> >
42 >> >I haven't asked for a price from the CPA yet. Last year we paid
43 >1500$
44 >> >per
45 >> >tax year (and per 1, this payment was just for taxes.
46 >>
47 >> Oh, one more thing I've forgotten to ask. How does this compare last
48 >> years' donations, and what are our prospective donations for this
49 >year
50 >> (based on received so far vs 1st half last year)?
51 >>
52 >
53 >Our fiscal year runs July => June. So the fiscal 2020 year just
54 >completed.
55 >We don't have complete financials for fiscal 2020 yet. I looked at the
56 >paypal transactions and donations are slightly up from fiscal 2019. We
57 >should have the financials done later in the year (typically around AGM
58 >time.)
59
60 Are you saying that we haven't been negatively impacted by the pandemic?
61
62 >
63 >-A
64 >
65 >
66 >>
67 >>
68 >> --
69 >> Best regards,
70 >> Michał Górny
71 >>
72
73
74 --
75 Best regards,
76 Michał Górny

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