Does Your Nonprofit Need a Gift-Acceptance Policy?
It may be time for your nonprofit to implement a gift acceptance policy to outline the types of gifts received, as well as those to politely decline. Click for more details.
Secure Act
Congress passed the SECURE Act on December 19, 2019. Most provisions were effective as of 2021. Click above to learn more about the new participation requirements and rules for 401k plans.
Sales and Use Tax Refunds
A nonprofit organization can file for refunds of sales and use tax paid on direct purchases of tangible personal property for use in carrying on their nonprofit work twice a year. Click above to learn more.
Best Practices for Internal Reports
A nonprofit organization should provide internal financial reports to the board of directors and other governance committees periodically. Click above to learn more about best practices for internal reports.
Joint Fundraisers: What to Consider
Joint fundraisers can be beneficial in many ways for both organizations, but there are a few things your organization should consider before agreeing to a joint fundraiser. Click above to read more.
IRS Resources for Nonprofits
The Internal Revenue Service (IRS) has valuable guidance and resources available for nonprofit organizations. Click above to find out more.
Paid Sick and Family Leave Tax Credits Modified and Extended
As part of the COVID-Related Tax Relief Act of 2020 (the Act) signed into law on December 27, 2020, the tax credits for paid sick and family leave have been modified and extended. Click here to learn more.
Provisions Affecting Businesses
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act of 2021. Click above to read more about the provisions affecting businesses.
Provisions Affecting Individual Taxpayers
On December 27, 2020, President Trump signed into law the Consolidated Appropriations Act of 2021. Click above to read more about the provisions affecting individual taxpayers.
Tips for Managing the Grant-Writing Process
While grant-writing can be time consuming, grants can provide a significant amount of funding for your nonprofit organization. Click above for tips that may help your organization better manage the grant-writing process.