4 Suggested Internal Controls for Small Nonprofits
Nonprofit organizations must emphasize financial transparency and responsibility to maintain trust among stakeholders, donors, and the general public. Read the full article for more information.
Nonprofit organizations must emphasize financial transparency and responsibility to maintain trust among stakeholders, donors, and the general public. Read the full article for more information.
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2026. Click above to view the full listing of COLA updates and a sample Participant Notices.
As a nonprofit, donations are vitally important, both from a revenue standpoint and for nurturing donor relationships. But should you accept ALL donations extended to your nonprofit? Learn more.
Running a nonprofit organization comes with the responsibility of maintaining compliance with IRS rules and regulations. Read more for practical tips on how to prepare for an IRS compliance audit.
Tax-related identity theft is unfortunately here to stay. Taking proactive steps such as requesting an Identity Protection PIN (IP PIN) from the IRS can help prevent fraudulent tax filings. Learn more.
Taxpayers should review their income tax withholding amount periodically, or when there is a major life event, to make sure that these events don't have a significant impact when it comes time to file their tax returns. Read more.
While audits are valuable, they are not always necessary—or even the best use of limited resources. Before committing to one, it is worth asking: does your organization truly need an audit? Learn more.
Revenue recognition refers to the procedures used to record and report funding received and depends on the type of pledge. Learn more about the different types of pledges and how to record them.
Proper audit preparation can help reduce stress, keep the audit on schedule, and ensure a smooth process. Read more to learn how your organization should prepare for an audit.
Nonprofit policies are not just documents—they are tools that help staff and board members do their work with confidence, stay within the law, and avoid confusion or mistakes. Learn more.