With constant changes and new regulatory requirements, nonprofits must be vigilant about maintaining their tax exempt status and ensuring compliance. This workshop will highlight the areas of focus from the IRS, as well as best practices and other accounting and tax hot topics. Attendees will learn about:
– The rules surrounding donations, including in-kind donations, quid pro quo rules, and other contribution matters
– The rules surrounding independent contractors vs employees
– Different types of audits and when they maybe required
– Best practices for policies as well as 990 disclosures
Lovepreet Buttar, CPA, MBA, CGMA, PSA
A director with Mercadien’s Nonprofit & Human Services Group, Lovepreet Buttar, CPA, MBA, CGMA, PSA, has over 10 years of experience performing and overseeing audit and tax engagements for various nonprofit clients, including associations, schools, private foundations, and health and human services organizations. She is passionate about helping these organizations support their constituents and achieve their mission.
Her specializations encompass financial reporting, disclosures and compliance issues of entities subject to Uniform Guidance, as well as state and local reporting requirements. She is also proficient in the tax exemption determination process and maintenance of exemption for 501(c)(3), 501(c)(4), and 501(c)(6) entities.
Whether supervising her team of staff, servicing her clients, or responding to urgent inquiries from either, Lovepreet is known for being thorough, as well as calm and cool under pressure. Her soothing manner, collaborative nature and keen insights lend themselves to a favorite aspect of her job – educating and consulting with nonprofit professionals to ensure they understand and are prepared to meet changes affecting their industry and organizations.
Lovepreet frequently presents at industry conferences, leads training seminars, and writes articles for Mercadien’s Nonprofit Outlook newsletter on financial reporting, tax and compliance topics. She serves on boards and committees of several nonprofits and is actively involved in various professional and trade organizations. She earned a Bachelor of Science degree in Accounting and Finance, and a Master’s in Business Administration from Rutgers University.
Raphael J. (RJ) Carletti, CPA
RJ Carletti is a manager in Mercadien’s Nonprofit & Human Services Group, primarily working on audit engagements for trade associations, private schools, and human services organizations. Mr. Carletti also works occasionally with for-profit organizations, such as manufacturing companies, real estate development companies, minor league athletic teams, and employee 401(k) plans.
RJ plans and manages numerous client engagements, supervising staff to complete projects on time. His responsibilities include performing audits for nonprofit and for-profit organizations, finding solutions to engagement issues, performing engagement and tax reviews, and reviewing internal control risks. A collaborative team player, Mr. Carletti works directly with his clients and staff to ensure all expectations are met.
Prior to joining Mercadien as an entry-level accountant in 2013, Mr. Carletti gained experience by providing business tax/Form 1120 services to a series of Common Interest Real Estate Associations, as well as audit and assurance services and GAAP compliance services to for-profit and not-for-profit clients.
A member of the board of directors and treasurer of Meals on Wheels of Mercer County, RJ is a past presenter at Princeton Community Works and earned his Bachelor’s degree in Accounting from The College of New Jersey.
He can be reached at email@example.com, 609-689-2362, or https://www.linkedin.com/in/raphael-carletti-cpa-2b044146/. Information on Mercadien can be found at www.mercadien.com.