The Internal Revenue Code (IRC) allows taxpayers to claim a business deduction for expenses arising from the qualified use of all or part of a residence, as long as certain […]
Category: Nonprofit
How to Handle Grants
Requests for transparency and accountability keep growing with the demands that contributions be used as intended. You need to track and report on segregated accounts, treating funds as separate entities […]
Confused About Choosing Accounting Software?
Choosing the right software to help manage your business can be overwhelming. You have to first consider several questions: Following are suggestions to help you answer these questions: Many accounting […]
Avoid Information Overload Among Your Staff
Do not imagine information overload is new. Eight hundred years ago, Vincent of Beauvais, a Dominican friar, related to the challenge in his own era. Noting “the multitude of books, […]
IRS Issues Advice for the Tax Exempt
If you’re planning to enter the world of tax-exempt organizations, you first need to understand what a tax-exempt organization actually is. According to the IRS, the organization must fall into […]