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Payroll Audit Program by IRS, Many Nonprofits to be Examined
The IRS has begun an ambitious program of payroll
audits this year. The program will select 2,000 entities for examination this year and the two years following. Of these 2,000 to be examined in each year, approximately 500 will be nonprofit organizations.
Email Best Practices Using Outlook 2010
Email remains an excellent tool to share business content but only if each email is clear, professional, relevant, and appropriate. Microsoft Outlook is the software standard for email, client/member contact, meeting scheduling, and sending and receiving business documents. Improving your Outlook skills might be one of your best time management investments, especially since Outlook 2010 includes many new features and enhancements.
This article presents tips to help you achieve:
Compensation Philosophy
Salaries and compensation packages are determined as part of employment negotiations. Salary figures may need annual adjustments, either to reflect inflation or to include a bonus for exceptional performance. The chief executive is responsible for determining the individual compensation levels and fluctuations of the staff, but the board sets the chief executive’s compensation and approves the overall annual compensation budget for the organization. Compensation is impacted by a multitude of issues and requires serious attention.
So why do we get backup withholding notices from the IRS?
Late fall is generally the time of year the IRS sends out annual backup withholding notices referred to as a Notice CP-2100 or CP-2100A. The letter starts out, “This notice is to inform you of possible errors in the Forms 1099 you filed for the year shown above.” These notices are generated because the IRS cannot match up the TIN/name combination on the 1099s filed. The letter goes on to inform the recipient about steps required and the need to backup withholding at the rate of 28%.




