I am so much more comfortable with how our finances are now being handled. Thanks for your help!
Dr. Randy T. Hodges, Senior Pastor
Hernando Church of the Nazarene
Whether you’re starting up a not-for-profit organization or your nonprofit has existed for years, you may have questions about insurance. For starters: What kind do you need? How much? Are you required by your state or by grant makers to carry certain coverage? Much depends on your organization’s size, scope and programming. But your goal should […]
Not-for-profit organizations are compelled by federal and state wage-and-hours laws to perform a certain amount of time tracking. Funders may also stipulate timekeeping practices. Fortunately, timekeeping software can make the job a lot easier for staffers and managers. Here’s how to ensure your nonprofit complies. What’s required and what’s not You generally are required to document […]
Despite recent accusations that the IRS targets certain types of tax-exempt organizations for audit, not-for-profit audits generally are rare. That’s because most nonprofits owe no or very little tax. However, as the IRS receives funding as part of the Inflation Reduction Act, it’s expected to hire new agents for all divisions, including the Tax Exempt […]
