Charitable solicitation licenses (“CSLs”) are a necessity for any organization that solicits the public for contributions or donations to support a charitable purpose, unless specifically exempt by law. Read more for a list of exemptions if required to file or renew in North Carolina.
Volunteers often accrue substantial expenses, which can have a negative affect on volunteer retention and recruitment. Many non-profits promote tax deductions to entice new donors, but does your organization use volunteer-related tax deductions to recruit and retain volunteers? Find out more.
Have you hired a house cleaner, nanny, babysitter, home health care aide, or other household worker? You may be on the hook for federal and state payroll taxes if you paid a household employee more than $2,600 in 2023 ($2,700 in 2024). Learn more.
Any individual or business owning or possessing personal property used or connected with a business (or other income generating purpose) must file a business personal property tax listing annually. Find out tips for preparing your property tax listing.
There are important nonprofit deadlines to remember for organizations with a year-end of December 31, 2023. Read more for a complete list of due dates.
Numerous reputable charities embrace various kinds of assets or property (e.g., clothing, household appliances, furniture, artworks, and etc.) to support their charitable mission. The non-cash charitable contributions, however, must satisfy rigorous substantiation criteria to qualify for the deduction. Read more.
On September 22, 2023, the 2023 Appropriations Act passed the NC General Assembly and became law on October 3, 2023. Taxpayers should be aware of the changes and their effective dates. Learn more.
Ever wonder “What information does Gilliam Bell Moser need to complete my business’s tax return, and how will I get it to them?” We have the answer! Our LINKS Organizer is the right tool for the job. Learn more.
The Internal Revenue Service announced the cost of living adjustments (COLA) for tax year 2024. Click above to view the full listing of COLA updates and a sample Participant Notice.
Retirement plans are designed to help individuals save and invest money over their working years so they can have a stable income during their retirement. There are several types of retirement plans available, each with its own features, benefits, and tax implications. Learn more.
