Nonprofits

Joint Costs from Combined Campaigns Must Be Allocated

Not-for-profit entities must allocate joint costs from combined educational campaigns and fundraising solicitations between program costs and fundraising costs, according to the Financial Accounting Standards Board.

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Two High-Profile Thefts Should Be Lesson to Nonprofits

Nonprofit organizations are not any safer from fraudulent activity than for-profit companies – as two recent cases at respected charities illustrate.

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Follow the Rules When Using Independent Contractors

One of the most significant costs for many nonprofits is people. Volunteers can only do so much, and to grow your organization and maintain consistent services, people need to be paid. Whether it’s an administrative position, a program manager, a driver or an instructor, that person trades commitment of time and skill for compensation.

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Transition Relief Allows Employers to Claim Retroactive Work Opportunity Tax Credit

The IRS has provided employers with additional time to obtain the certification necessary to claim the Work Opportunity Tax Credit (WOTC), which was retroactively extended by the Tax Increase Prevention Act of 2014 to December 31, 2014.

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Ask Clients if Your Nonprofit is Meeting its Mission

Your mission is the reason your organization exists. Staff, resources and community support are dedicated to addressing an important social issue. The key question is: Are you meeting your mission effectively?

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Grant Reform a Day-After-Christmas Present

Nonprofit organizations received  a Christmas gift a day late on Dec. 26, 2014. The new Office of Management and Budget “Super Circular” became effective on that date, with the goal of strengthening federal grant making.

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Solid Financial Structure Crucial to Sound Management

A nonprofit’s financial management system involves much more than tracking money in and out.

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