Financial Management: Audit and Tax Readiness & Preparation
The process of successfully completing an audit and tax return starts with proper preparation and detailed documentation to ensure accurate information and data. Though potentially time-consuming, gathering this information for audits and tax preparation are an unavoidable part of demonstrating your not-for-profit's regulatory compliance and financial stability.
This webinar focused on steps not-for-profits can take to mitigate audit and tax costs and time inconveniences by focusing more intently on preparedness and improving internal controls.
Key Takeaways:
- What is considered "audit and tax ready"
- How advance preparation accelerates financial statement and tax preparation timing and mitigate potential additional costs
- What steps can be taken to ensure smoother audit and tax process
Watch the webinar recording here: