New Schedule A for Form 990T

The IRS has overhauled the 2020 Form 990T “Exempt Organization Business Income Tax Return” and created a new Schedule A “Unrelated Business Taxable Income From an Unrelated Trade or Business” to allow reporting of separate unrelated business activities.

2021-12-15T12:47:16-05:00December 15, 2021|Categories: Not-for-Profit|Tags: , , |

The Impact of November 2021’s Elections on Nonprofits

Election years can create uncertainty for nonprofits, even off-years and midterm elections. This article explores factors that are impacting nonprofits and what they can do to stay ahead of changing legislative priorities.

2021-12-15T12:41:24-05:00December 15, 2021|Categories: Not-for-Profit|Tags: |

Case Study | Not-for-Profit Overcomes a Financial Hack and Comes Back Stronger

A small Virginia nonprofit thought they were doing all the right things in terms of cybersecurity, cyber insurance and safety. They found out the hard way that it wasn’t enough to avoid the damage from a hacker that knew how to manipulate their weak points.

2022-01-10T09:29:29-05:00November 24, 2021|Categories: Cybersecurity, Not-for-Profit|Tags: , , |

Webinar Recording | Challenges and Opportunities for Not for Profits

Learn about the top challenges and opportunities facing not-for-profit organizations in 2022. Topics include tax updates, the impact of new legislation, succession planning challenges, industry best practices and the importance of a robust cybersecurity program.

2021-12-15T12:37:52-05:00November 10, 2021|Categories: Cybersecurity, Not-for-Profit, Past Events|Tags: , |

Guidance to Help Not-for-Profits Navigate Cryptocurrency Donations

More not-for-profit organizations are venturing into the cryptocurrency world, but may be unaware of where or how to start. Learning about the benefits, potential risks, and tax regulations can help organizations decide if crypto is the way to go.

2021-10-19T16:12:40-04:00October 19, 2021|Categories: Not-for-Profit|Tags: , , , |

COVID-19 Leave Sharing Program Extended to December 31, 2021

On June 30, 2021, the IRS retroactively extended the COVID-19 leave sharing program, which allows employers to donate employees’ unused PTO to charitable organizations. In exchange, employers can take charitable or business expense deductions.

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