Smaller nonprofit boards generally communicate more effectively and are more cohesive. Larger boards tend to have broader expertise. So how big (or small) should your organization’s board be?
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Most nonprofits prefer unrestricted gifts, but you probably don’t want to say “no” to donations that come with a few strings. Just make sure you handle restricted gifts with care. Here’s how.
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One of your new year’s resolutions may be to take better care of your health. But can you deduct your out-of-pocket medical costs on your tax return?
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Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But to help ensure your nonprofit can overcome obstacles, consider taking these three financial steps.
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Can a charitable remainder trust achieve similar results as the formerly available “stretch” IRA?
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It’s easy to see why small charitable projects seek fiscal sponsorships, but your established nonprofit may also benefit from sponsoring a group. Learn more about fiscal sponsorships.
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A divorce is a life event that calls for an estate plan review and possible revisions.
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If you’re going to receive a personal injury or discrimination settlement or award, you want the best tax result possible. Here are the basic rules of when amounts are tax free or taxable.
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Manager involvement is essential to helping prevent credit card abuse. If you allow staffers to use your nonprofit’s card, make sure they understand how they’re authorized to use it. To craft a card use policy, read on.
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Ever wonder how much of a tax break you’d get if you bought a private plane for your business? Here are the basic rules.
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Before you know it, we’ll be ringing in 2022. You may still have time to reduce your 2021 federal tax liability by taking these steps.
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To prevent excess benefit transactions (such as certain purchases from insiders) from occurring in your nonprofit, educate stakeholders. Here’s how to communicate the concept.
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The sun has set on the valuable Employee Retention Credit. Here’s what happened.
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Buried in the infrastructure law that was just enacted is a change in the way cryptocurrency transactions are reported to the IRS.
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Can estate planning benefits convince you to convert your traditional IRA to a Roth IRA?
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How prepared are your nonprofit and its staffers for an unexpected outpouring of support? Sudden interest could take down your website, or worse. We discuss how to be ready.
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Even with the gift and estate tax exemption amount reaching more than $12 million for 2022, making lifetime gifts continues to be a beneficial estate planning strategy.
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There are many reasons besides emergencies for nonprofits to consider taking out loans. We discuss them as well as where to look for funding and how to get approved.
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If you have a flexible spending account, you may want to schedule a trip to the dentist, buy new eyeglasses or have elective medical procedures performed. Here’s why.
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Allocating year-end tax planning time now can prove beneficial come tax filing time next year.
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