Does Your Nonprofit Qualify for Retroactive Employee Retention Tax Credits?
Nonprofit organizations can still qualify for the employee retention tax credit from 2020 and 2021 if they meet certain eligibility rules.
Nonprofit Advertising and Sponsorship Rules
Nonprofits can run into issues when they accept advertising or sponsorship dollars if they don’t know the rules of unrelated business income tax. Knowing the difference between the two scenarios can help to minimize or manage tax liability.
IRS releases rules for tax-exempt entities to monetize IRA credits
Tax-exempt entities may monetize credits under the Inflation Reduction Act under these rules that the IRS released.
Quarterly Nonprofit Update: March/April 2023
As the first quarter of 2023 wraps up, nonprofits are experiencing lower donations. The economy and consumer spending remain top leading indicators for the segments Museums, Parks, and Zoos, Private Schools, and Membership Associations.
Higher ed institutions need to comply with new cyber rule
The FTC's new Safeguards Rule addresses how higher ed institutions must protect students' info from cyberattacks.
Top 5 missteps to endowment management under UPMIFA
Are you managing your endowment funds under the current rules? See how you match up to these common issues in the application of UPMIFA.
IRS Resources for Nonprofits
Small to medium-size nonprofits have several responsibilities to maintain their tax-exempt status and may be unaware of some of the activities that can jeopardize it. The IRS has recently released many resources to help.
Nonprofits after the Great Resignation: Overcoming the workforce shortage
Nonprofits need to overcome the workforce shortage. Organizations must innovate because the labor market will remain tight for the foreseeable future.
§179D Energy-Efficient Commercial Building Deduction Expanded to Benefit Non-Profit Organizations
For businesses contemplating a commercial project, the §179D deduction, a provision from the Inflation Reduction Act, is now available for any qualifying commercial energy-efficient building.
Why Do Nonprofits Need Financial Statement Services? Part 2: Federal Compliance
Federal compliance requirements like single audits require nonprofits to have financial statement services performed.