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How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

Monitor tax law compliance. Despite their tax-exempt status, nonprofits must still follow certain tax requirements when managing staff payroll, such as filing Form 990. According to Double the Donation’s nonprofit accounting guide , nonprofits must also issue Form 1099 to contract workers who are paid at least $600 for their services.

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PPP Round 2 and Other Updates

Non Profit Accounting Academy

On December 27, 2020, a new Covid-19 relief bill called the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“the new bill”) was signed into law. While the new bill includes many benefits, a few provisions are especially interesting for nonprofits. Vision and dental insurance. Disability.

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Why Do Nonprofit Accountants Quit?

The Charity CFO

And show you how modern nonprofits are rethinking the way they handle specialized skills like HR and Accounting. In this episode, you’ll discover: The top 3 reasons nonprofit accountants walk out the door. Why turnover in the financial department is SO damaging for nonprofits. A Modern Nonprofit Podcast.

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Dr. James explains the power of giving: why leading with a gift always wins

iMarketSmart

If there was a seminar at the Law School, we would invite them to that. Game theory: Able to reciprocate Giving in the primal game has an unbreakable law: Giving must be seen by partners who are able and willing to reciprocate. Nonprofit and Voluntary Sector Quarterly, 46 (4), 817-836. They suggest a willingness to reciprocate.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Such laws vary from state to state. It may be helpful as a starting point to talk to another nonprofit leader whose organization is engaged in the same activity. Most state nonprofit associations have helplines or publish FAQs and other guides covering these types of issues.