Each year, your non-for-profit organization must carefully determine the proper Form 990 return to file because penalties can be assessed for failing to file the right version. If a form is materially incomplete or the wrong return is filed, the IRS will return Form 990 series forms filed on paper — and reject electronically filed returns. When preparing and reviewing 990 returns, it's important to check for common filing errors (as reported by the IRS) before submitting them.
In the News
Thursday, April 23, 2020
Thursday, April 9, 2020
Tax law provisions and IRS regulations may have a significant impact on improper transactions between top officials and a tax-exempt organization.
Thursday, March 26, 2020
The IRS has publicly stated it is cracking down on organizations that improperly classify workers as independent contractors instead of employees. Are you confident that your employee classifications would stand up to IRS scrutiny?
Friday, March 13, 2020
Has your not-for-profit anticipated a shake-up at the top? If not, it needs to. Perhaps your long-standing CEO will decide it's time to retire. Or maybe your board will determine that your current leader is ineffectual. Or perhaps your organization will agree to merge with another nonprofit or undertake a restructuring that requires a leader with a different skill set than that of your current executive director.
Thursday, February 27, 2020
Do these behaviors sound familiar? Difficult to please and easy to disappoint. Constantly whining, complaining, pouting, sulking. Downright negative. Do these definitions describe any of your employees or the people you work with?
Thursday, February 13, 2020
Every year, millions of dollars are donated to not-for-profit organizations. In these cases, the money that's supposed to go to an organization's causes can be diverted to thieves. Not-for-profits aren't immune to the threat of fraud from their own employees.
Thursday, January 30, 2020
Do you pay close attention to what your main competitors in the not-for-profit field are up to?
Thursday, January 16, 2020
Practically every not-for-profit you encounter is stretched thin and could use more workers to help raise funds and conduct other activities furthering its mission.
Friday, January 3, 2020
Many not-for-profit directors serve on boards for altruistic reasons. But it can be a huge commitment and the issue of compensation often comes up.