One of the main responsibilities of nonprofit board members is to maintain financial accountability. Board members act as trustees of assets and, therefore, must exercise due diligence to make sure […]
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Nonprofits and Human Resources
Nonprofits need to do more with less. On a positive note, staff tends to wear many hats and perform many functions while managing volunteers. On a negative note, disputes over […]
Small Businesses May Forgo Retirement Plans
The SECURE Act of 2019, followed by SECURE 2.0 in 2022, was intended to facilitate the implementation of retirement plans for companies of all stripes. A major goal was to […]
How Do You Claim the Mortgage Interest Tax Deduction?
When you make your mortgage payment each month, a portion of your dollars will go toward paying down your loan’s principal balance. But a good chunk of your payment will […]
4 Tax Concerns for Nonprofits
Just because you run a nonprofit, it doesn’t mean you can completely ignore taxes. You still have to file. In fact, if your nonprofit fails to file its annual federal […]