Beginning with the 2023 Form 5500 – Annual Return/Report of Employee Benefit Plan, fewer plans will require an audit due to the method for determining when a defined contribution plan (e.g. a 401(k) or 403(b) retirement plan) may file as a small plan being revised. Learn more.
The SECURE Act will soon allow part-time employees meeting specific hour requirements to participate in their company’s retirement plan. This requires an enormous amount of work to track part-time employee hours over consecutive years to meet requirements. Learn more.
The Employee Retirement Income Security Act of 1974 (ERISA) requires that every person who handles plan assets to be bonded to protect the plan from losses due specifically to fraud or dishonesty. Read more.
Donors like to be well-informed when making decisions on what nonprofit organizations to support. Click for a list of tips on how websites like CharityNavigator.org and Guidestar.org can help increase donors.
For many years, nonprofits received charitable donations through mail or in person delivery. In recent years, it has become more convenient to make donations to nonprofits online. Learn more about the risks related to online donations.
Whether you are experienced or new to the field, every nonprofit professional should stay up to date with the industry changes and the resources available. Read more for a list of the top nonprofit resources.
2023 is well underway and not-for-profit organizations can expect to face challenges both new and familiar. Read more about the key issues nonprofits often face and suggestions on how to address them.
The IRS classifies vehicle use into three categories: business, personal, and commuting. Only expenses related to business use are deductible. Learn more about business use of vehicles.
The IRS and the North Carolina Charitable Solicitation License Section of the Secretary of State’s Office both require specific information in the acknowledgments nonprofits provide to their donors. Read more.
There are important due dates that calendar year-end nonprofit organizations need to remember. Read more for a complete list of nonprofit deadline reminders.
