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.
In this episode, we provide pointers on the process for an NFP to get its federal tax exemption (501c3) and how to stay exempt.
As a small business employer you must properly classify your workers and ensure that your business complies with its employment tax responsibilities. We also discuss a few other key steps in hiring employees.
Year-end 2020 financial planning considerations part 1 - We discuss income tax withholding, why you should review them at year end what you can do if you don't want any surprises at tax time April 2021.