How to Write a Tax-Deductible Receipt for your Church or Charity Many people donate to churches and charities with the hopes of getting a tax benefit in return. Your donors are the most important thing to your organization. Without their money, you can’t fulfill your mission. Keep your donors happy.… Read More »Tax-Deductible Receipt for your Church or Charity
If you have an LLC or a corporation (Including a Nonprofit) you should have an annual meeting every year, even if you are the only owner, to protect you in an audit and other legal situations. Do I Need to Have an Annual Meeting? If you are a corporation, for-profit… Read More »How To Have an Annual Meeting and Why
On February 27th, 2020, Diane was invited to teach a class at the Fayetteville Library on the topic IRS Reporting for Nonprofits. The specifics of taxes for nonprofit organizations is something hard to grasp for many new nonprofits. It is well understood that nonprofits do not have to pay taxes,… Read More »IRS Reporting for Nonprofits
I have been asked this question more than once by people not making money with their business. The short answer is ‘no’. Being a non-profit really has nothing to do with making money. Or taxes. Or profit. Or doing good things. What’s the difference between a non-profit and a for-profit?… Read More »Am I a ‘Non-Profit’ because I don’t make any money?