Nonprofit Deadlines to Remember
There are important nonprofit deadlines to remember for organizations with a year-end of December 31, 2024. Read more for a complete list of due dates.
Reminders – What Items to Review Each Year
Nonprofit organizations have several moving pieces that could change from year to year. There are details which should be revisited on an annual basis to ensure accuracy and completeness. Learn more about items to assess each year to help your nonprofit organization run smoothly.
990 Overview – Different Parts of a 990
A question we often hear from our clients is “Why are you asking me so many questions?” The short answer is that the Form 990 is a complex tax return. In fact, the 990 requires more information than many for-profit tax returns. Learn more.
IRS Announces 2025 Pension Plan Limitations
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2025. Click above to view the full listing of COLA updates and a sample Participant Notice.
June Year-end Nonprofit Deadlines to Remember
There are important due dates that may be applicable to nonprofit organizations with a year-end of June 30, 2024. Click above to review the full list of due dates.
What Happens if Your Nonprofit Earns Money?
Nonprofits, by definition, exist not to make money, but to fulfill one of the exempt purposes recognized by federal law: charitable, educational, scientific, or literary. The idea that a nonprofit cannot make a profit simply isn’t true. Read the full article to learn more.
Fundraising: Accounting for Special Events
Not-For-Profit Organizations have a number of options when it comes to generating revenue, but fundraising is generally the easiest. Making sure the organization is properly accounting for special event fundraising revenues and expenses is an important step in planning your next event! Learn more.
What You Should Send Your Treasurer-Finance Committee Monthly for Review
An active and engaged board is important in safeguarding charitable assets and furthering an organization’s mission. The treasurer and finance committee performing a monthly review of the organization’s finances is vital in keeping the board informed. Learn more by reading the full article.
Beneficial Ownership Information Reporting Under the CTA
Beginning January 1, 2024, many businesses are required to comply with the Corporate Transparency Act (CTA). It is anticipated that 32.6 million businesses will be required to comply with this reporting requirement. Click above to read the full article and learn more about the new requirements.
2023 Year-End Year-Round Tax Planning Guide
Are you confident you are doing everything you can to minimize your income taxes? If not, it may be time for a fresh look. Your tax picture - and the tax law - may change from year to year. Check out the 2023 GBM Year-End Year-Round Tax Planning Guide.