Worry-Free Payroll Solution for the Unique Needs of Nonprofits
Managing compensation and processing payroll for a nonprofit organization is very different than for a for-profit company, requiring specialized knowledge of the different laws and standards that apply. In the case of churches and ministries, it is even more critical.
We have seen many costly errors made by competent accountants and payroll professionals who failed to properly address issues related to a nonprofit’s payroll. Errors in processing and reporting are embarrassing, time consuming and potentially expensive to correct. With the IRS now issuing significant penalties under its Intermediate Sanctions regulations, you simply cannot afford mistakes.
Got questions about nonprofit payroll? Who to pay, how to pay, maybe even deciding whether someone is an employee or an independent contractor? Check out the following articles for more information.
And, if you need professional assistance in payroll preparation services, just ask. We have referral partners who can provide you with exactly the expertise your nonprofit needs and deserves.
Top 10 Form 990 Audit Triggers No One Told You About
Timely and accurate filing of Form 990 is essential to the ongoing success of your nonprofit. We often run into…
How to Pay Your Nonprofit’s Staff
A few months ago, we looked at some key points regarding nonprofit executive compensation. This week, we want to take…
Nonprofit Executive Compensation
Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping…
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…
6 Operating Policies Your Nonprofit Must Have
Whether you are talking about a commercial business or a nonprofit, every organization runs more smoothly when it has solid…
Beyond the Basics: Creative Benefits for Nonprofit Staff
Whether you’re just starting out in the nonprofit world or your organization has been around for decades, you know that…
Paying an Independent Contractor? Are You Sure?
This is a conversation our staff members have with clients at least 4 or 5 times per week: The issue…
Hiring a Board Member in a Private Foundation
We talk a lot around here about conflict of interest and the negative outcomes associated with insiders having financial entanglements…
What Forms to Issue to Your Nonprofit Staff
With the New Year comes new responsibilities. Similar to how we all anxiously await for our employers to issue us…
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…
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.
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…