Thankful? Let Your Donors Know!
Since donors play such an important role in the operation of a nonprofit, it is important for your organization to acknowledge each donation for a number of reasons.
Impact the Community Through Volunteering
Gilliam Bell Moser’s staff stepped out of the office and on to a construction site to help Habitat for Humanity of Alamance County. Our staff spent two days working on a house that will become a home for a much deserving family.
IRS Announces 2020 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2020. These adjustments affect various limits for retirement savings plans.
N.C. Department of Revenue Publishes Overview of Recent Sales and Use Tax Changes
The N.C. Department of Revenue recently published Form E-505 which summarizes recent sales and use tax law changes enacted by the 2019 Session of the General Assembly.
2020 Form W-4 To Be Released In Late Fall 2019
Major revisions to the withholding tables were made in January 2018 as a result of the 2017 Tax Cuts and Jobs Act. A new version of Form W-4 is expected to be released in November.
Volunteer Training
Volunteers are an integral part of many nonprofit organizations. Training will enable the volunteers to better understand and work more efficiently for the organization.
Nonprofit Core Values
The establishment of core values in the early stages of a nonprofit’s operations is important because these core values allow donors to better understand the purpose of the organization.
NCDOR Publishes Notice Related to Filing of Forms NC-3 & 1099-MISC
Recently, the Secretary of Revenue announced an automatic waiver of penalties associated with the failure to file Form NC-3 and the required W-2 and 1099 statements electronically for tax year 2019.
Why the Company Auto Is Still a Valued Fringe Benefit – Part II
The company auto is still a valued fringe benefit. Part II of this article focuses on the rules for personal use valuation, recordkeeping requirements, and business auto deductions for the employer.
Role of Board Treasurer in a Nonprofit
The expectations and underrated role of a board treasurer for a nonprofit organization vary widely. The treasurer of a nonprofit is usually appointed by the members of that organization’s board, and the position requires financial expertise as well as dedication, time and patience.