Five Best Practices for Nonprofit Accounting in a Pandemic
There are some best practices that should be followed to ensure a nonprofit organization’s accounting needs are not only met, but maximized. Despite their diligence, nonprofit organizations are often the victims of accounting mistakes or fraud. By implementing a few best practic... Jon Osterburg, Jitasa
Impact of the Wayfair Supreme Court Decision on Nonprofits
Sales tax is imposed upon retail sales of tangible personal property and taxable services in 45 states and the District of Columbia. Each state determines the circumstances under which a sales tax is imposed on the purchaser. Purchases by nonprofit organizations are exempt in most... Katherine Gauntt
Tax code changes put nonprofits in a bind
In 2016, a new record was surpassed in private giving to charities. Individuals, estates, foundations, and corporations were estimated to have contributed a record $390 billion to U.S. nonprofits, according to a report published in 2017 by Giving USA Foundation, an initiativ... Kim Moore
Tax Reform Means Strategic Opportunities For Nonprofits
“The GOP tax reform will devastate charitable giving.”i “Nonprofits are the unintended victims of the new tax bill.”ii “Tax reform could cost charities $13 billion a year.”iii While ... Ellie Burke