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For most nonprofit organizations, the past 10 years have brought a tremendous amount of change in the area of regulatory demands and oversight. This has been particularly burdensome for smaller organizations, however, there are opportunities to provide relief as well. Click "Full Article" below to consider what your organization can do to cope with these challenges.
Hiring independent contractors is a good way to cut costs. But you must know the rules. A misstep can result in hefty tax bills and penalties. Here's the latest information about the IRS and independent contractors so you can avoid an IRS audit.
The IRS is very strict about the time limit for rolling over a tax-favored retirement account. Missing the deadline can result in heavy penalties. There are, however, some narrow exceptions that you might be able to squeeze through. For details about the deadlines, click "Full Article."