Re: [gentoo-nfp] [Discussion and vote] Hire CPA for Fiscal 2020 taxes

["Michał Górny" <mgorny@gentoo.org>]

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On Mon, 2020-07-20 at 22:55 -0700, Alec Warner wrote:
> On Mon, Jul 20, 2020 at 10:39 PM Michał Górny <mgorny@gentoo.org> wrote:
> 
> > Dnia July 21, 2020 5:13:29 AM UTC, Alec Warner <antarus@gentoo.org>
> > napisał(a):
> > > On Mon, Jul 20, 2020 at 9:38 PM Michał Górny <mgorny@gentoo.org> wrote:
> > > 
> > > > Dnia July 21, 2020 4:31:22 AM UTC, Alec Warner <antarus@gentoo.org>
> > > > napisał(a):
> > > > > I drove.On Mon, Jul 20, 2020 at 8:10 PM Michał Górny
> > > > > <mgorny@gentoo.org>
> > > > > wrote:
> > > > > 
> > > > > > On Mon, 2020-07-20 at 15:33 -0700, Alec Warner wrote:
> > > > > > > In our previous fiscal year we hired a firm to do our taxes for
> > > > > 2019, as
> > > > > > > well as a number of previous years. Are there any concerns with
> > > > > > > retaining this firm for the 2020 tax year?
> > > > > > > 
> > > > > > 
> > > > > > 1. Are we talking about 'just' the filings or full-scale
> > > bookkeeping
> > > > > > this time?
> > > > > > 
> > > > > 
> > > > > This is just the filings for now.
> > > > > 
> > > > > 
> > > > > > 2. How hard would it be to do it ourselves, given we have previous
> > > > > > filings by the CPA?
> > > > > > 
> > > > > 
> > > > > I don't know anyone who could do them properly. I cannot do them
> > > > > properly
> > > > > for certain. The tax return last year was 14 pages.
> > > > > 
> > > > > Obviously I could file something; but there are penalties for
> > > > > making mistakes.
> > > > > 
> > > > > 
> > > > > > 3. Could you get some quotes first?
> > > > > > 
> > > > > 
> > > > > I haven't asked for a price from the CPA yet. Last year we paid
> > > 1500$
> > > > > per
> > > > > tax year (and per 1, this payment was just for taxes.
> > > > 
> > > > Oh, one more thing I've forgotten to ask. How does this compare last
> > > > years' donations, and what are our prospective donations for this
> > > year
> > > > (based on received so far vs 1st half last year)?
> > > > 
> > > 
> > > Our fiscal year runs July => June. So the fiscal 2020 year just
> > > completed.
> > > We don't have complete financials for fiscal 2020 yet. I looked at the
> > > paypal transactions and donations are slightly up from fiscal 2019. We
> > > should have the financials done later in the year (typically around AGM
> > > time.)
> > 
> > Are you saying that we haven't been negatively impacted by the pandemic?
> > 
> 
> I'm saying the paypal donations look similar. It's not a complete
> accounting (sometimes people give us money not through paypal.)
> 
> If you want a full accounting I recommend waiting for the report at the
> AGM; this is me just trying to get you an estimated answer quickly. Does
> that make sense?
> 

Well, you didn't answer me how it compares but I've dug it up anyway.

So if I read the financial reports right, cash donations in the last
years were around (I'm ignoring the fees, GSoC income, etc.):

FY2016: $12.5k
FY2017: $11.5k
FY2018: $23k

So FY2019 should be similar.

If the price remained at $1.5k a year, this would be around 7% of cash
donations.  Isn't this a bit much?

-- 
Best regards,
Michał Górny


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