Once your nonprofit organization gets approved by the IRS for a tax exemption, you must maintain tax exemption. You must know what actions or activities could jeopardize your tax-exempt status.
Do you need to reduce costs and make sure you are on target for business goals? Want to get ahead on this year’s taxes? A midyear tax check in will help you accomplish all of these and more. Let’s see why.
There is a new emphasis and an upcoming required change in how your NFP financials will present and disclose gifts-in-kind. Accounting Standard ASU No. 2020-07 has mandated this change. It will be effective for annual periods beginning after June 15, 2021. This Accounting Standard improves transparency for gift-in-kind transactions by requiring the following:
As a nonprofit, it’s important to utilize stories so that donors and supporters feel connected to the mission and can see the impact your organization has in the world.
Here are some popular touchless payment options that can help alleviate any fears of COVID-19 for patrons or donors, to ensure your organization is doing all that it can to maximize revenue, even during uncertain times.
Accounting software has become a critical resource for business. Learn how to find a solution for yours!
A treasurer is responsible for sharing financial information effectively with stakeholders. Let’s explore what this role looks like in the nonprofit setting.
In uncertain or difficult times, strong decisions count more than ever. For nonprofits, this means that financial and business strategies need to be informed by data.
Confusing IRS requirements shouldn’t stand in your way of doing important work! Learn more about filing for tax-exempt status.
A solid ERM plan can help your nonprofit to save money and emerge from crises stronger than ever!