Category: Non-Profit
Each year, employees steal about $40 billion from American businesses. Unfortunately, nonprofit organizations are among these businesses. To avoid internal theft, put these basic control and accounting procedures into effect.
Having strong policies in place can protect your nonprofit from liability, help you adopt consistent and clear actions, and help you use your limited resources more efficiently.
IRS notes that a nonprofit providing parking for its employees may need to file a Form 990-T and pay tax on the expense of providing that fringe benefit to its employees.
At times during audit season, not-for-profit financial statement auditors may feel like medical professionals in January.