Nonprofits: Finding the Way Forward from the Pandemic With a CPA Firm

Undoubtedly, nonprofits play an important role in Nashville’s economy. In the wake of the COVID-19 pandemic, however, they’re more likely to get left by the wayside due to a number of factors.

In addition to being a health crisis, the pandemic has also resulted in a financial crisis, limiting many donors’ ability to give to social organizations. Furthermore, most nonprofits get funding through fundraising events, which had to be postponed or canceled due to social distancing protocols.

Nonprofits may be mission oriented, but just like small businesses, they also have expenses to pay, including salary for the staff, rent, utilities, and other overhead costs. If you’re a nonprofit in Nashville and are currently feeling the pinch caused by the pandemic, it’s important to consult your CPA firm about surviving the crisis, and hopefully thriving through it.

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