Givefront’s Post

In-kind contributions are more than just donations; they’re strategic assets that can help nonprofits reduce tax liabilities and stretch their resources further. Our blog offers guidance on leveraging these valuable contributions for financial and operational benefits. Discover best practices for managing in-kind contributions, understanding IRS compliance requirements, and maximizing tax advantages. Don’t miss out on the opportunity to strengthen your nonprofit’s financial position! Learn more about how Rooled can support your nonprofit in optimizing tax strategies with in-kind donations. LINK: https://ow.ly/tgQn50U3zuI #Accounting #CFO #Tax #Finance #Nonprofit

What could your nonprofit accomplish with a partnership with GrowthForce? 💸 Raise more donations 💸 Help more people 💸 Save money 💸 Run your financial management better #OutsourcedAccounting could be a game-changer for your #NPO. Learn more about how to make 2024 your best year yet... https://bit.ly/3STfI0i

A tax deadline today for nonprofits under extension!⏰ Form 990, the nonprofit income tax return is due. This form shares your organization’s financial activities including income and operational specifics. If you’re operating a nonprofit and need tax consulting, advising nonprofits is one of CYA’s specialties and we’d love to help! #taxdeadline #birmingham #nonprofits #coveringyourassets

Unlock your nonprofit's full potential by going beyond compliance. While your accountant ensures your Form 990 meets IRS requirements, understanding this crucial document yourself can significantly enhance your fundraising efforts, financial transparency, and donor trust. The Form 990 is more than just a tax return; it's a powerful tool to tell your nonprofit's story to potential funders and stakeholders. Join us for the #NonprofitPOD Workshop, presented by Umpqua Bank, and gain the insights needed to leverage your Form 990 for greater impact: https://loom.ly/ecbU6-c

Nonprofits have unique financial challenges, but you don’t have to navigate them alone. From charitable organizations to private foundations, we’re here to help with accurate tax filings and financial statements. Reach out to learn how we can simplify your nonprofit’s financial management. https://lnkd.in/eNRiVTx9

⏳ Make your nonprofit's Form 990 filing a priority! Proper timing can lead to financial advantages and increased credibility. Visit https://wix.to/BXpr5xh and get started today. #FinancialStability #CredibleNonprofit #FilingTips #TimelyfilingofForm 990 #Nonprofitfinancialtransparency #IRSpenaltiesforlatefiling #Maintainingtax-exemptstatus

The IRS’s final regulations under IRC Section 509(a) clarify “control” definitions and relationship tests for Type III Supporting Orgs. Understand the impact on your nonprofit. #Nonprofits #Tax https://bdo-usa.co/3YdvPKx

The IRS regularly revokes the tax-exempt status of nonprofit organizations that violate its rules. Such revocations often carry dire consequences because itemizing donors may no longer claim tax deductions for their gifts. This can, in turn, dramatically reduce donations. To help protect your nonprofit from losing its exempt status, follow all applicable IRS rules. For example, ensure you file annual Form 990s, pay any unrelated business income tax you owe, avoid political lobbying activities and prevent “insiders” from receiving private benefit or inurement from your operations. If your exempt status is revoked, it’s possible to get it back. Contact us if you need help: https://bit.ly/3jcyo8o #tax #taxes #incometax #taxfiling #taxexempt #nonprofit #nonprofitorganization #irs #cg #cgtaxauditadvisory

The IRS’s final regulations under IRC Section 509(a) clarify “control” definitions and relationship tests for Type III Supporting Orgs. Understand the impact on your nonprofit. #Nonprofits #Tax https://dy.si/w8vddT