Can Remote Bookkeeping Benefit Your Nonprofit Organization?

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Can Remote Bookkeeping Benefit Your Nonprofit
Organization?
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Nonprofit Organizations are a staple of our
society. They often provide services to
communities ranging from life saving to artistic.
Many nonprofits focus on fundraising for disease
treatments, education,politics, you name it.
If there is a cause, there is bound to be a
nonprofit organization that is working behind the
scenes for the good of it.
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What many people dont realize, however, is that
nonprofits are businesses too. They have to pay
company costs and taxes just like the rest of us.
The team at Margos knows a thing or two about
how outsourced bookkeeping can help nonprofits
save money. Heres how hiring an outsourced
bookkeeper can benefit your nonprofit
organization.
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We Can Keep on Top of Your Tax Returns
The majority of nonprofits are tax-exempt.
However, they still need to file tax returns each
year. All revenue produced by the organization
needs to be reported on a tax return. Sometimes
that revenue is generated from a viable service.
For example, a community theater or a museum.
These types of organizations frequently collect
donations to sustain their business. The donors
will require receipts and information to write
off the donations on their own returns. A remote
bookkeeper can help by handling and organizing
these tasks.
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Lets Take Some Pressure Off of Your Staff
Lets face it, nonprofits are typically on a very
tight budget. Because of this, they usually will
employ fewer staff members. Consequently, staff
members will tackle multiple responsibilities
including all things accounting and bookkeeping.
The staff at Margos Bookkeeping knows all about
the time consumption of the bookkeeping process.
Your staff needs to focus on the business of your
organization. Hiring a bookkeeper will free up a
considerable amount of time allowing your staff
to focus on maximizing the funds of your agency.
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Cut Your Labor Costs

• Sometimes the business of a nonprofit will
  increase.  A remote bookkeeper is indeed
  necessary if the organization wasnt prepared for
  it.  Under those circumstances, there will be a
  need for a full-time or part-time bookkeeper.
  When that happens, however, the nonprofits costs
  can go through the roof. Portions of the
  nonprofits costs will then go towards
• The bookkeepers salary
• Software/hardware costs
• Health Insurance
• Social Security/Medicare/Unemployment Taxes
• Office Space adjustment

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An outsourced bookkeeper, however, can eliminate
most of this. Agencies that utilize remote
bookkeeping typically see an overall reduction in
costs and expenses. Remote bookkeepers can also
build a financial schedule for the nonprofit that
will help budget all costs throughout the year.
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Clearwater, FL 33761 [phone] stephanie_at_ana
lyzedbooks.com