The TG Blog
Resources and articles to empower you and keep you up to date.
While donations to charity of cash or property generally are tax deductible (if you itemize), donations of time or services aren’t. But you potentially can deduct out-of-pocket costs associated with volunteer work, such as supplies, uniforms, transportation and even travel. To be deductible, the costs can’t be reimbursed or be “personal, living or family” expenses. And they must be directly connected to the services you’re providing and be incurred only because of your volunteering. Additional rules apply; contact us with questions.Read More
Celebrity spokespeople can help raise awareness of a charity’s mission, attract new audiences, generate donations and change public opinion on a subject. But as fallout of the #MeToo movement has shown, nonprofits can also be hurt by association with a disgraced celebrity. This article talks about how to handle celebrity-related PR disasters — and prevent them from happening in the first place.Read More
To help prevent unwelcome surprises when donors file their returns, nonprofits should inform them about the tax benefits of different types of donations. This article summarizes the tax treatments of various donations, including cash, ordinary income property, capital gains property, tangible personal property, vehicles and other items.Read More
Recently, immigration authorities have been cracking down on not only companies that hire those who are in the country illegally, but also businesses that mishandle the paperwork related to Form I-9. This article explains some of the related rules and suggests essential compliance steps for construction companies to follow.Read More
Thompson Greenspon has been awarded a 2018 Top Workplaces honor by the Washington Post, an award the firm has received every year since 2014. Ranked #26 in the Small Companies Category, only 150 organizations were selected in total. Selection is based solely on employee feedback gathered through an anonymous third-party survey administered by research partner…Read More
For nonprofits, increasing corporate support is similar to establishing relationships with individual donors. But while emotional factors generally drive individuals to support a charity, companies need both emotional and strategic rationalizations. This article suggests ideas for engaging companies, including providing ways for corporate donors’ employees to get involved.Read More