January 17, 2020

Tax

Good News for Nonprofits: Repeal of Tax on Transportation Benefits

January 17, 2020

Tax

Great news! Congress has retroactively repealed the unrelated business income tax (UBIT) on qualified transportation fringe benefits - a relief for many nonprofit organizations.

Julie Seger

March 20, 2019

Ask Your Accountant, Tax

Sponsorship Revenue or Advertising Revenue: Do You Know the Difference?

Julie Seger

March 20, 2019

Ask Your Accountant, Tax

Sponsorships and advertising are treated very differently by the IRS. If your nonprofit organization isn’t careful, you might wind up with additional tax complications that you weren’t expecting.

Ryan Hagan

March 5, 2019

Ask Your Accountant, Tax

New Rules for Qualified Transportation Fringe Benefits for Nonprofit Organizations

Ryan Hagan

March 5, 2019

Ask Your Accountant, Tax

The bad news: Under the Tax Cuts and Jobs Act of 2017, nonprofit are subject to new taxes and penalties on employee parking benefits. The good news: You may be able to reduce or remove this tax and avoid penalties - but you must take action by March 31, 2019!

Sarah Ellsworth

February 22, 2019

Nonprofit Management, Tax

From the Archives: Classifying Nonprofit Workers

Sarah Ellsworth

February 22, 2019

Nonprofit Management, Tax

Volunteer, intern, contractor, or employee? Navigating labor laws can be tricky for nonprofit organizations that rely on a wide variety of staff and volunteers.

Sarah Ellsworth

January 11, 2019

Tax

The Taxman Cometh: Nonprofits and Tax Reform

Sarah Ellsworth

January 11, 2019

Tax

As taxpayers grapple with the first filing season under the Tax Cuts and Jobs Act, nonprofits must stay informed about the potential long-term impact of the new tax rules.

Sarah Ellsworth

November 28, 2018

Ask Your Accountant, Tax

Adjusting to New Trends in Philanthropy

Sarah Ellsworth

November 28, 2018

Ask Your Accountant, Tax

The changing philanthropic landscape will require a new approach and careful financial planning from nonprofit organizations.

Ryan Hagan

September 25, 2018

Ask Your Accountant, Tax

Lumping Donations for Tax Purposes: Donor-Advised Funds, Charitable Gift Annuities, and Charitable Remainder Trusts

Ryan Hagan

September 25, 2018

Ask Your Accountant, Tax

Due to tax reform, donors may decide to make adjustments to the timing of their charitable giving.

Julie Seger

July 25, 2018

Grants and Donations, Nonprofit Management, Tax

Donor Acknowledgment Letters: What Your Nonprofit Needs to Know

Julie Seger

July 25, 2018

Grants and Donations, Nonprofit Management, Tax

A formal donor acknowledgment letter is more than just a way to say thanks.

Sarah Ellsworth

June 6, 2018

Nonprofit Management, Tax

Classifying Your Nonprofit Workers: Intern, Contractor or Employee?

Sarah Ellsworth

June 6, 2018

Nonprofit Management, Tax

Don’t run afoul of labor laws! Are you correctly classifying your workers?

Kevin Rickman

May 30, 2018

Tax, Ask Your Accountant

Nonprofit Impact of the Tax Cuts and Jobs Act: An Overview

Kevin Rickman

May 30, 2018

Tax, Ask Your Accountant

Nonprofit organizations need to know about these key provisions in the Tax Cuts and Jobs Act.

Sarah Ellsworth

January 24, 2018

Tax, Nonprofit Management

Tax Reform Questions and Resources for Nonprofit Organizations

Sarah Ellsworth

January 24, 2018

Tax, Nonprofit Management

The future is uncertain, but there are things you can do to prepare your organization for the potential impact of the new tax law.

Ryan Hagan

January 12, 2018

Tax, Grants and Donations

The Tax Cuts and Jobs Act of 2017: Why Charities Are Worried

Ryan Hagan

January 12, 2018

Tax, Grants and Donations

How will the new act affect nonprofit organizations and potential donors?

Darcy Ehrig

December 13, 2017

Tax

Get a Head Start on Your 1099s

Darcy Ehrig

December 13, 2017

Tax

With a little preparation now, you’ll be ready to race to the finish next month.

Kevin Rickman

July 12, 2017

Tax, Nonprofit Management, Ask Your Accountant

What You Need to Know About the Application for 501(c)(3) Tax-Exempt Status

Kevin Rickman

July 12, 2017

Tax, Nonprofit Management, Ask Your Accountant

If you're filing for 501(c)(3) tax-exempt status, read this first! With preparation and attention to detail, you can avoid most of the common pitfalls of applying for tax-exempt status with the IRS.

Sarah Ellsworth

May 24, 2017

Tax, Nonprofit Management