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Nonprofit Executive Compensation

Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping up its oversight and enforcement of nonprofit executive compensation.  With all the rancor surrounding executive perks and bonuses on Wall…

New COVID Relief Bill May Provide Additional Help for Nonprofits

The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program.  Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…

Big Changes to PPP Loan Forgiveness Rules

Newly passed legislation is heading to President Trump's desk that will substantially alter the original forgiveness terms for PPP loans.

Income Tax Return Deduction Refund Concept

The CARES Act Increases Donation Tax Deductibility

The CARES Act that Congress passed in response to the COVID-19 crisis is best known for its Payroll Protection Program SBA loans and other measures of cash relief.  Getting less attention are the provisions that increase the tax-deductibility of donations…

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The CARES Act May Help Your Nonprofit Retain Its Staff

On Friday, March 27, 2020, Congress approved the Coronavirus Aid, Relief and Economic Security (CARES) Act.  This is the third phase of a sweeping relief package Congress has passed in its efforts to mitigate the economic impact of COVID-19.

How to Protect Your Nonprofit’s Board Members

Your board of directors is one of the most important assets your nonprofit has.  Assuming they understand their role and are there for the right reasons, your board members provide invaluable insight, direction and oversight.  They volunteer their time and…

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Nonprofit Compliance Basics

After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are used to determine whether your…

Judge Threatens to Hold IRS Commissioner in Contempt of Court

This week, in the latest twist in the IRS targeting scandal, U.S. District Court Judge Emmet Sullivan threatened to hold the Commissioner of the Internal Revenue Service and Justice Department attorneys in contempt of court after the IRS failed to…

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