Unrelated business income can be a real problem for a nonprofit if you’re not careful. Nonprofit organizations benefit greatly from their tax-exempt status with the IRS. But that can be threatened if the income you generate starts to make you look more like a...
Bookkeeping and tax services seem to be everywhere, but are they worth it? There was a time not too many years ago that in order to get someone to do bookkeeping or taxes for your company you either had to hire someone full-time on your staff or contract with someone...
A question we often get about nonprofits is: “Do nonprofits ever have to pay taxes on what they bring in?” It can be a confusing topic that affects many of our clients who, understandably, want to stay on the right side of the IRS and their state governments. So in...
Filing taxes for a nonprofit is probably not on anyone’s “bucket list.” When you’re busy running a charitable organization that is serving a need in your community, the last thing you’re looking forward to is tax time. We get it! Tax returns can be stressful enough on...
As the end of the year approaches, we all tend to get more generous. Everything about the Christmas season keeps the thought of giving on our minds. (According to Nonprofitsource.com, December is when 30% of all donations are made, and 10% happens in the last 3 days...
Download your copy of the free guide to find out how by filling out the form below.