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How to Manage Payroll for Your Staff: A Nonprofit Guide

Top Nonprofits

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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5 Nonprofit Cash Management Statistics & Trends for 2024

Top Nonprofits

The answer lies in having enough FDIC coverage—protection and backing for your funds provided by the Federal Deposit Insurance Corporation. However, typical savings accounts have a strict limit on how much FDIC coverage you can receive. Share This Post!