[Owasp-board] 2012 Taxes and Audit
seba at owasp.org
Thu Sep 12 04:38:39 UTC 2013
ok4me to postpone it to 2013.
On Wed, Sep 11, 2013 at 1:53 AM, Sarah Baso <sarah.baso at owasp.org> wrote:
> Board Members -
> I have a couple of updates on our 2012 taxes and proposed audit for this
> First, Alison worked with our accountants earlier this year and filed an
> extension for our 2012 taxes (as we have done in the past). The 2012 taxes
> are now due November 15th and Alison is currently finalizing one open
> invoice from last year and then will get things over to the accountants to
> put the taxes together. I anticipate that we will have everything to
> review in the next 2-3 weeks. I will review them and you will each have a
> chance to review as well before we file them.
> Additionally, although the next scheduled audit year for us was 2013 (we
> have typically done them every 3 years), at the Board Meeting in Germany we
> discussed and decided to have an audit done for 2012 due to the addition of
> the European entity and changing tax laws. Alison spoke with our
> accountants about this and the earliest they could schedule us for the
> Audit is early November. Also, the price will be going up significantly
> since last time (close to $10,000 instead of $5,000 due to growth of our
> org and finances and number of details to be reviewed since we now have a
> European entity, in addition to the Accountant's fees generally going up).
> Althought the accountants were hesitant to officially "green light" all of
> our practices, they did spend a full day with Alison recently going through
> all of her practices and answering questions she had about trickier issues
> such as tracking events that have transactions over multiple years,
> transferring money between our US and EU entities, and tracking chapter and
> project funds. The accountants seemed to think it would be better for us
> to just wait until next year for our audit since 2013 will be almost
> over... we could even try and do it towards the beginning of next year.
> With these updates in mind, what are your thoughts in postponing the audit
> to be a review of 2013 as was originally scheduled? Or do you still want
> to go ahead with the 2012 review in November?
> Sarah Baso
> Executive Director
> OWASP Foundation
> sarah.baso at owasp.org
> Owasp-board mailing list
> Owasp-board at lists.owasp.org
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