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Archive for June, 2016

Exempt Organizations & Your Employment Taxes

Tax-exempt organizations, including churches and faith-based charities, have important responsibilities as employers while operating and managing their activities. Generally, most organizations will choose to make use of one of the several payroll services, such as ADP or Paychex, to have their payroll prepaid and the taxes collected and deposited with the U.S. Treasury. However, whether […]

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Posted in: Employment Law

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Activities that Can Risk an Organization’s Tax Exempt Status

It seems like almost every year I can count on receiving one or more inquiries from a nonprofit about letting someone use their organization’s tax identification number or wanting the nonprofit to serve as the “fiscal sponsor” for their activity during an interim period while they complete their own incorporation and tax exemption application process. […]

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Posted in: News

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Change in Accounting Period

When an organization first incorporates to begin operations one of the things it must do is establish with the Internal Revenue Service (IRS) what the fiscal year of the corporation will be. For many organizations setting the fiscal year to coincide with the calendar year (e.g. January 1 through December 31) may be the appropriate […]

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Posted in: News

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7 of the Most Important Things to Consider Before Joining the Board of a Nonprofit

Whether it is joining the board of your local church, an international relief organization, or your child’s soccer league, you want to join the board of an organization whose mission you find to be meaningful and where you believe you can make a contribution. But such a connection doesn’t just happen. To save yourself and […]

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Posted in: News

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