Welcome to Nonprofit Accounting Basics — a resource designed to help you produce accurate records and reports, encourage and measure accountability, and successfully manage and sustain your nonprofit organization. More About Us

Featured Articles

Calvin Marks
Jul 26, 2018

The Treasury Department has issued new guidance which eliminates the requirement to disclose the names and addresses of donors for a large swath of exempt organizations. Revenue Procedure 2018-38 provides that organizations exempt from tax under Section 501(a), other than 501(c)(3) organizations, are no longer required to disclose the names and addresses of contributors on Schedule B of Form 990 or Form 990-EZ.

Eric Owens
Jul 18, 2018


Court Ruling

Last week, the U.S. Supreme Court overturned a 1992 precedent prohibiting states from requiring businesses to pay sales tax unless they had a tangible physical presence within the state. That case, Quill v. North Dakota (U.S., No. 91-194, 5/26/1992), was decided long before electronic commerce came into being.

Subscribe to Front page feed