“No good or services were received in exchange for this contribution.” Nice, clear language. Often provided in receipts to donors by many nonprofits. The problem is in the words “often” and “many.” Because now they are absolutely...
This month's issue of Nonprofit Business Advisor has some great reads, including these: IRS true to its word has removed the tax exempt status of 275,000 organizations that failed to file annual reports for 3 consecutive years. If you've missed 1 or 2, time to...
I’m guessing you’ve not read about this little tax sweetener in your local business newspaper, so here’s something to discuss with your CPA. If you employ no more than 25 full time employees (or the equivalent if you employ part-timers) and the...
We get asked on occasion by new clients to help with their taxes. We tell them we are good at calling in their CPAs to talk about taxes, and that's who they should turn to for help. We get funny looks sometimes, but it doesn't change our (lack of) interest in...
Today's Wall Street Journal wrote about Goldman Sach's efforts to find creative ways to reward their executives and traders despite the disastrous results. Raises anew the thoughts that we seem to be using our tax dollars to reward the people whose excesses...
