Category: Nonprofit

Latest Posts From Category: Nonprofit

Nonprofit

How to Claim a Charitable Deduction Without Mistakes

If you offer gifts or money to qualified organizations eligible to receive tax-deductible charitable contributions, you must do two things: Here are six things you should remember about donations and written acknowledgments: Of course, you also have to make sure

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Nonprofit

Nonprofits Beware: How to Spot Fake Charity Appeals

On the IRS’ annual list of scams that are on the rise, the “Dirty Dozen,” one especially odious item stands out: fake charities. According to the organization, bad actors will approach you for contributions using the phone, mail, email or

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Nonprofit

Understanding the Nonprofit Audit Process and Its Value

Charitable nonprofit organizations generally aren’t required to conduct independent audits. Certain circumstance, however, could trigger an independent audit. Many groups, such as the following, rate nonprofits and offer guidelines on when audits should be obtained: These groups are not regulating

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Nonprofit

The Latest Rules on Charitable Donations

Charitable contributions are deductible, says the IRS, only if you itemize deductions. And further, they are deductible only if you make contributions to qualified charitable organizations. The tax agency reminds us that contributions to individuals are never deductible. Even if

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A 3D figure holding a magnifying glass closely examines the word 'AUDIT' in bold red letters, symbolizing a detailed review or inspection of a nonprofit organization's financial practices
Nonprofit

Auditing Your Nonprofit: What You Need to Know

You want to demonstrate your commitment to financial transparency. By publishing an independent audit report on your nonprofit website and providing the report to anyone who requests it, you’ll be assuring your donors and the public that your financial practices

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Nonprofit

Building a Better World: Thank You, Nonprofits

We understand the importance of giving back to the community we serve. That’s why we are deeply committed to supporting local charities and organizations through both donations and volunteer work. Our team actively participates in numerous volunteer and fundraising events

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