Don’t make the mistake of thinking that your nonprofit tax exemption includes payroll taxes! If you have employees, then you must understand your obligations as an employer.
The IRS Form 990 is an annual informational return for tax-exempt organizations. There are several different versions of the 990 form. Which one is right for your organization?
The W-9 form is used by your organization to generate a 1099 at the end of the year. A 1099 is an informational return used to report taxable income to the IRS.
The Form 990 filing deadline for not-for-profit and exempt organizations is the 15th day of the 5th month following the end of the organization’s fiscal year.
The SBA has released a new, simplified EZ application for PPP loan forgiveness. Does your nonprofit meet one of the requirements to file the EZ application?
A brief overview the guidance and clarity offered by the Paycheck Protection Program Flexibility Act of 2020, and how this bill may affect nonprofit organizations who received PPP loans.
On May 15, 2020, the Small Business Administration released an application form and related instructions to be used when requesting forgiveness of PPP loan amounts received by employers under the CARES Act.