Tax, Legal & Compliance

Overcoming the Nonprofit Revenue Challenge
August 13, 2019 at 12:09 pm

Nonprofit revenue is one of the toughest challenges for organizations. If you’ve worked at a nonprofit, then you’ve participated in one of the continual discussions to come up with something creative.

The Charitable Deduction Odyssey
July 19, 2019 at 12:28 pm

Individual income tax deduction for charitable giving provides a substantial incentive to give by reducing the economic cost of donating. In 2018, charitable giving by individuals was estimated to reach $299 billion at an annual revenue loss of around $44 billion...

Get Ahead of the Tax Curve with These Tips to File Your Form 990
June 11, 2019 at 1:00 pm

The majority of nonprofits must fill out a form 990 annually to maintain a tax-exempt status and remain compliant with state and federal regulations. While there are some select organizations that are not required to fill out these forms, the vast majority must do so as it’s their legal obligation...

Freedom of Speech: How It Affects Charitable Giving
January 3, 2019 at 12:14 pm

Recently, the U.S. elevated its latest Supreme Court justice to the highest court in the land. While there has been a lot of debate about the rightward tilt of the Supreme Court and what that will mean for many aspects of our society, there is also a lot at stake for nonprofits and charitable giving...

Abridged: The New Nonprofit Law for Dummies
August 15, 2018 at 11:50 am

One of the most difficult concepts nonprofit leaders have been trying to comprehend in the last few months is the massive mess that is the new tax code. Before I get into nitty-gritty terminology of the new nonprofit law, let’s lay it all out with an easy and relatable 8-year old analogy: running a lemonade stand...

Taking a Look Into Humanwire: Policing Nonprofits Is Our Responsibility
August 8, 2018 at 12:20 pm

Humanwire said on its website that donations would go directly to needy refugees, and that “0 percent” would go to operating costs. The scam was exposed by an investigative report in the Denver Post, which chronicled a steady stream of withdrawals from Humanwire’s bank accounts by Andrew Baron...

The New Nonprofit Tax Laws for Dummies, Part 2
July 30, 2018 at 12:13 pm

What’s changed about the itemized deduction though? The biggest one that has left taxpayers “salty” is the capping of the State and Local Tax deduction at $10,000. To an 8-year-old, $10,000 probably seems like a fortune; after all, imagine the amount of video games one could buy with that! To bring it back to the analogy though, we can illustrate that it isn’t good for itemizers at all...

The New Nonprofit Tax Laws for Dummies, Part 1
July 26, 2018 at 12:36 pm

Okay, it’s confession time —I’ll go first. I consider myself to be a pretty bright guy; not Bill Nye the Science Guy smart, but more like Mr. Rogers smart (and not because I talk to puppets—I don’t). The thing that I struggle with though, to put it lightly, is a very challenged attention span...