Learn how outsourcing your accounting with a CPA firm can help you save time, prepare for audits, manage cash flow, and develop the confidence and capabilities to grow your organization.
For the past few years, the IRS has required nonprofits to report expenses in two ways: naturally and functionally. We compare these two categories, explain how to allocate costs, and hopefully make filing your next 990 a little easier.
If an organization misclassifies an individual as a volunteer, they can face back taxes and hefty penalties. Here are some helpful tips for staying on the right side of labor and tax laws.
To stay tax-exempt, 501(c)(3) organizations must pass two annual exams: the Organizational and Operational Tests. Let’s talk about what these tests are, why some nonprofits fail them, and how you can ensure your organization passes.