Taxes
Updates on Some Sacred Cows
Rick Cohen updates on recent controversial articles on Teach for America, L3C corporations, and attacks on the nonprofit tax exemption.
L3C: Pot of Gold or Space Invader?
For-profit companies seek foundation grants and government tax exemptions that presents risks and challenges to the nonprofit sector.
Attorney Recommends Review Instead of Audit
A nonprofit considered moving away from having an annual audit to having a review, and the board wanted a legal opinion before making a decision.
An Agreed-Upon-Procedures (AUP) Success Story
CPA Dennis Walsh discusses how using an Agreed-Upon-Procedures Engagement can done at much lower cost than audits to benefit nonprofits.
Seven Ways to Reduce Your Audit Costs
Dennis Walsh, a certified public accountant, shares seven ways nonprofits can reduce the costs around the auditing process.
New 990 Software Release on July 20: Is It Enough?
The 990 Online software issue and a modest investment that would ease the implementation burden for nonprofits nationwide
What’s the Point of a Nonprofit Board, Anyway?
Here we take an unconventional look at three dimensions of why boards exist: Legal reasons, mission reasons, and political reasons.
Ask Rita: Downsizing from Employees to Independent Contractors?
We are considering changing some of our employees into independent contractors as a cost-saving measure. What is the potential downside?
New Growth from Old Wood: Heroes & Nonprofits (and Sarbanes-Oxley)
Heroes don’t act alone: Nonprofits support heroes, and heroes understand nonprofits are impactful platforms for evolving social movements.
Model Document Retention Policy for Nonprofits
A model document retention policy designed to help nonprofits adapt to changing laws around statutes of limitation.