Did you know almost all tax-exempt organizations (other than churches or church related organizations) are required to file yearly returns with the IRS? Well, it’s true!
The filing requirement for a tax-exempt organization depends on the yearly financial activity. Check out this handy chart (courtesy of www.irs.gov) to see what your organization is required to file:
Financial...
On several levels, board meetings are critical to the well-being of a non-profit organization. Most non-profits that fail do so due to poor, uninspired, unequipped, and/or uninvolved boards. They usually start out with the greatest of intentions; passion is the order of the day. What happens that changes that positive vibe into a negative environment...
Each year, the IRS issues optional standard mileage rates that taxpayers can use to compute the deductible costs of operating a vehicle for business, charitable, medical or moving expenses.
In 2009, the mileage rates were set as follows:
Medical & moving: 24¢
Charity: 14¢
Business: 55¢
On December 3, 2009, the IRS released the 2010 rates:
Medical & moving: 16.5¢
Charity: 14¢
Business: 50¢
So why did...
Most salesmen understand they need to have a 90-second “elevator speech” that accurately and succinctly describes their product. As non-profit managers, board members and volunteers we should be able to do the same thing with the organization we support. We should be able to anser the questions “What is (your organization)?” “How did you get...
Is a private foundation better than a donor advised fund? Do I need a private foundation?
Quite possibly the answer to this question is a resounding “No!”
If you are considering establishing a private foundation (PF) to achieve your charitable giving objectives, we encourage you to visit with us first so that we can explore with you...
Yes indeed, the FAQs have been uploaded and released out to the website. Check out our different categories by selecting the FAQ link at the top of the blog and clicking on a menu that interests you.
If there are questions you would like answered that are not currently featured, please let us know! Shoot us an e-mail at info@partnersforbusiness.com and we’ll...
It seems like every time I turn on the TV, the news shows on all the different networks are covering the same story. And yet, it’s not the same story, because each network seems to have their own answer to the problem, their own spin on the story.
I admit, I always find this occurence frustrating...
Leadership is something that every organization, team, business or social faction requires to be successful. Without leadership, the group will flutter aimlessly, unable to achieve goals or destinations. John Maxwell is one of the premier authorities on leadership. His “21 Laws of Irrefutable Leadership” is a classic work outlining who and what a leader looks...
Active in our community for twenty years, Paula Jefferson & Associates, P.C. recognizes the need non-profits have for professional guidance in the management to grow and fulfill their vision of service. Business practices and standards taken for granted in the for-profit world are often overlooked in non-profit organizations.
PJA honors the important role these organizations play...
