Bookkeeping

Organizations must operate in ways that continue to align with their mission. This ensures they meet the eligibility criteria for tax exemption and donor deductibility. Deciding whether to apply for 501(c)(3) or 501(c)(4) status depends on the mission of your organization and its related activities. For example, if you need to participate in political activities […]

He is registered with the IRS as an Enrolled Agent and specializes in 501(c)(3) and other tax exemption issues. Federal tax law gives these groups an advantage by making donations to them tax-deductible, allowing donors to reduce their tax liability while helping these nonprofits stay afloat. However, this strictly prohibits them from taking political stands

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These costs are important because they directly affect how much money a business can make from selling its products. For instance, if the costs of sugar and cups for your lemonade stand go up, you’ll have less money left over from each sale. This is crucial for a business to understand because it helps them

The rate of inflation rose to 3% in the year to January, a steep uptick from the 2.5% recorded in December, writes Kevin Pratt. The number of accounts paying 5% or more has fallen in recent months, reflecting the reduction in Bank Rate from its Budgeting for Nonprofits recent peak of 5.25% to today’s 4.5%.

Nonprofits may receive grants from foundations, corporations, or government agencies. Grants are typically awarded for specific projects or programs and may require the nonprofit to meet certain conditions or reporting requirements. This type of exempt status covers business leagues, real estate boards, professional associations and chamber-of-commerce or board-of-trade organizations. To qualify for 501(c)(6) status, the