If you've got a 527, you know it's a whole different world than that of committees overseen by the Federal Election Commission. Lucky you, you get to report to the IRS instead. What fun. But it doesn't have to be difficult. What we've found is that most folks with 527's, and no professional treasurer, tend to do their reporting on paper which is fine for the first time you file an 8872, but becomes ever more daunting as time goes on and your donor base grows as well as your expenses. The timer involved in calculating aggregated revenues and expenses will overwelm thew average person and without a professional treasurer to guide you, mistakes can and will be made and will only aggregate over time. So how to solve this issue? Start by hiring a professional treasury service like Political Communications, Inc. Next, subscribe to a hosted compliance solution that will store all your transactions and "do the proper math" when it comes time to file. We use IS Political as our solution as they are one of the few that does 527/8872 reporting as well as being reasonably priced. After all, we're living in 2019, not 1920. It's time to embrace the digital age and leave paper behind. Tired of doing it all yourself? Call us for a no obligation quote to streamline your compliance needs @ 415 250-4036 or email us. |