Nonprofit and Tax-exempt Archives - Cyn Mobley: Law
Category: Nonprofit and Tax-exempt

This category covers forming and maintaining nonprofit and tax-exempt organizations.

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,

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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

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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

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