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Javis
Level 1
04-01-2021
10:18 AM
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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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qbteachmt
Level 15
04-01-2021
10:52 AM
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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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