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Level 1
April 1, 2021
Question

1065

  • April 1, 2021
  • 1 reply
  • 10 views

Partnership receiving federal grant money but paid commission to accountant that filed all paperwork.  Can that commission be deducted from grant dollars and net reported?

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1 reply

qbteachmt
Level 15
April 1, 2021

That's not "commission" but expense. That would be a regular accounting services expense, no different than you paying them for payroll or to review a note payable. Even a Grant Writer is a basic consultant cost; not Commission.

No, it doesn't get deducted from the Grant. The grant is part of gross revenue. You report both as "in full."

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