Here’s how you should think about EVIDENCE: 1. Is it relevant? Does it make one set of facts more or less likely to be true? 2. Is it UNFAIRLY prejudicial? (Note “unfairly”. All decent evidence is prejudicial one way or…
Cyn Mobley: Law
Your law. Your way.
Category: Blog
Due Process for Beginners
So look. You hear “due process” bandied about a lot by lawyers who think you’ll get all bent out of shape because due process is being violated. It’s the story, right? But it’s fake.
How much should we pay our nonprofit staff?
Should you pay people who work in your organization? Absolutely. While your group may start off as an all-volunteer effort, at some point you’re going to need to bring on paid staff — at least part time! — in order…
Nonprofit accounting: Program cost or Overhead?
Allocating salaries and wages to programs whenever possible is the true cornerstone of nonprofit accounting. First, it gives you a truer picture of just what it costs to make certain services available. The more granular you can get, the better…
Paying Board Members?
Can we pay our Board members? Sure, if they work in the organization in some capacity! For example, if the Vice President is also the Executive Director, it’s probably appropriate to pay the VP for working as the ED. If…
Keeping and Losing Nonprofit and Tax-Exempt Status
Yes – even after you’ve obtained tax-exempt status, if you don’t follow the rules, you can lose it! So now that your organization is an official nonprofit tax-exempt 501(c)(3) organization, you’d probably like to keep it that way! After all,…
Tax Exempt Nonprofit Status: Applying for it
Are you a charitable soul? Always picking up stray critters and the first to volunteer to help raise money for good causes? If it’s getting to be a regular thing, you might want to look into forming your own nonprofit…
Reporting business v. hobby income
The other big difference is how you report your income and losses for a business and a hobby. Business income and deductions are reported on Schedule C. Deductions for a HOBBY are claimed as itemized deductions on Schedule A, and…
Is your side gig a hobby or a business? Why it matters.
Do you have a side gig? A part time job, a little something to bring in extra cash? If not, you should. If only to explore what might turn into a fulltime business AND to make your mistakes when…
Basic Asset Fortress Strategy
Once you start getting ahead a bit, you’re going to find out that a lot of people want to take a cut of your wealth. The IRS will be first in line, followed by folks who want to make a…
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