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The Complete Guide to Nonprofit Accounting Careers

The Charity CFO

The nonprofit sector is full of rewarding and impactful careers because it plays a crucial role in addressing various social, environmental, and humanitarian challenges. In this section, we will debunk the three most common nonprofit accounting myths. Ready to dive deep into this exciting realm?

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Discovering The Tax Implications of Nonprofits Owning For-Profit Businesses

The Charity CFO

Tax-exempt status makes it easier for your organization to retain nonprofit revenue and meet the goals of your mission. However, your nonprofit may engage in revenue-generating activities that don’t relate to the purpose of your organization. The nonprofit must have control over the charitable activities of the venture.

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How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

Track their activities, including: Hours worked Overtime, if applicable Rate of pay According to Foundation Group’s 501(c)(3) status revocation guide , keeping complete and accurate financial records is the best way to protect your organization against noncompliance issues—and this includes employee data! Monitor tax law compliance.

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Nonprofit Compliance Requirements

The Charity CFO

What Does Nonprofit Compliance Mean? Compliance is the act of assuring the public that nonprofit organizations are obeying the appropriate laws, contracts and commitments that they enter into as a nonprofit organization.

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Best Practices when Accounting for Grants

The Charity CFO

The IRS has strict regulations on how to handle grants and charitable contributions, so it is essential that you understand the best practices when accounting for them. Because accurate nonprofit accounting can help with reporting and auditing requirements, and ensure that the funds are being used in accordance with the grantor’s wishes.

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PODCAST: Understanding Fundraising & Human Behavior

The Charity CFO

For more nonprofit accounting resources check out www.thecharitycfo.com. We had a lot of like, you know, law firms that we did stuff for. To know that they’re really into mental health services for children on making something up. And then you keep doing more of the activities to stay on track with that.