Sep 25, 2023 | Blog, Nonprofit
Most not-for-profits count on donors to keep their organization humming on all cylinders. But if donations start to slow down due to factors beyond your control, such as high inflation or economic weakness, how will you fill budget gaps? If you have not done so...
Aug 7, 2023 | Blog, Nonprofit, Tax
The U.S. Tax Court denied a charitable contribution deduction to a taxpayer for non-cash charitable contributions because the taxpayer did not comply with the reporting requirements. Background on the Deduction The Internal Revenue Code allows as a deduction any...
Aug 7, 2023 | Nonprofit, Tax
The U.S. Tax Court denied a charitable contribution deduction to a taxpayer for non-cash charitable contributions because the taxpayer did not comply with the reporting requirements. Background on the Deduction The Internal Revenue Code allows as a deduction any...
Jul 28, 2023 | Blog, Nonprofit
The tax-exempt status of a 501(c)(3) organization is its lifeblood. Without it, most not-for-profits could not obtain the financial and other support they need to fulfill their mission. That is why you need to protect your exempt status at all costs. Six Violations...
Jun 26, 2023 | Blog, Closely Held Businesses, Manufacturing, Nonprofit, Real Estate and Construction
Ensuring compliance depends on the individual actions of employees. That is why businesses that want to comply with changing laws and regulations should focus on building a compliance culture, where employees understand why compliance matters as well as their roles in...
May 15, 2023 | Blog, Nonprofit
You know the drill: It is midnight and your grant proposal is due tomorrow. Your assistant left hours ago and the words on your screen have started to blur. “It is not worth it,” you think. And besides, only a few grants pan out anyway, right? Not necessarily. Grants...
