Nonprofits must be diligent in identifying potential UBIT-triggering activities and understanding how these activities align or conflict with their tax-exempt…
Nonprofit Volunteers: Unpaid Employees or Independent Contractors?
Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as…
2024 Revised Uniform Guidance
2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial…
Expense Allocation in Managing a Non-Profit Organization
Expense allocation is a crucial aspect of managing a non-profit organization. Proper allocation ensures that resources are used efficiently and…
Accurate Record-Keeping is Critical for Non-Profit Organizations
When it comes to running a non-profit organization, good record-keeping is absolutely essential. Not only does it help in maintaining…
How Nonprofits and Local Governments Can Leverage Sustainability Tax Credits
When examining the availability of tax credits, organizations in the nonprofit and local government space typically disregard the opportunity as…
