Sponsorship and advertising dollars can provide a real boost to your not-for-profit organization’s income. However, if sponsors or advertisers receive a “substantial benefit” or if providing benefits isn’t a related business activity, you may owe unrelated business income tax (UBIT) on the payments. Here’s a quick look at what is and isn’t taxable. UBIT typically […]
Filed under: General by OSA&C Tuesday, January 23rd, 2024
Comments Off on When are sponsorship and advertising payments subject to tax?
Despite many predictions to the contrary, U.S. employers have continued to add workers to their payrolls and the unemployment rate has remained low — at 3.7% as of November 2023, according to the Bureau of Labor Statistics. Is your not-for-profit among the employers that need fresh staffers? The new year is a good time to start looking, […]
Filed under: General by OSA&C Tuesday, January 9th, 2024
Comments Off on Consider these 2 issues before searching for new staffers