7 Requirements for Year-End Nonprofit W-2 Preparation

Nonprofit W-2 preparation is basically the same as for-profit businesses, but with some additional considerations based on the type of nonprofit you are (more on that below). Like any other business, nonprofits and their employees are subject to payroll taxes even though 501(c)(3) charitable organizations are exempt from paying income taxes. Nonprofit W-2 Preparation [...]

By |2017-12-27T16:50:16-07:00December 27th, 2017|Board Governance, IRS, Nonprofit|0 Comments

Governance vs Management

As a nonprofit, do you know the difference between governance and management? Do you know which of these responsibilities is assigned to the Board of Directors? Governance! Governance is the fiduciary duty of care which consists of rick prevention, management and compliance specific to program, finance and governance. Overall management of a nonprofit organization [...]

By |2017-10-07T20:35:14-07:00October 7th, 2017|Board Governance, Nonprofit|0 Comments