Nonprofit Accounting Basics

Payroll and Human Resources

Accrued Vacation

Originally Posted: June 3, 2009

Most organizations include some paid time-off in their benefits packages offered to employees.

Employee Bonding

Originally Posted: June 3, 2009

When you need to bond your employees

It is usually a requirement to bond employees that handle cash or other ready assets (stock certificates, etc).

Employee vs. Contractor

Originally Posted: June 3, 2009

Before you can determine how to treat payments you make for services, you must first know the business relationship that exists between you and the person performing the services.

Independent Contractor vs. Employee: Let's Get it Right

Originally Posted: September 8, 2017

Determining Whether the Individuals Providing Services are Employees or Independent Contractors

In determining whether the person providing service is an employee or an ind

Instructions and Samples for Form W-2

Originally Posted: June 3, 2009

Below are the instructions and sample of Federal Form W-2.

Local Employment Taxes & Registration

Originally Posted: June 3, 2009

In many areas, local governments at the county or township level may have an income tax in addition to the state withholding tax. The amounts of these local taxes vary widely from state to state.

New 1099 Requirement and Why It Will Impact Your Organization

Originally Posted: September 1, 2011

The recently enacted Patient Protection and Affordable Care Act contains several major changes to the Form 1099 reporting requirements which will impose a substantial paperwork and record-keeping b

New IRS Program May Allow Exempt Organizations to Reclassify Contractors as Employees for Tax Purposes

Originally Posted: August 6, 2012

The IRS recently announced some interesting news relating to the treatment of independent contractors: a voluntary program now provides an opportunity for taxpayers, including exempt organizations,

Outsourcing Payroll Duties

Originally Posted: June 3, 2009

Many employers outsource some of their payroll and related tax duties to third-party payroll service providers.

Overtime Regulations and the Impact on Nonprofits

Originally Posted: May 25, 2016

The U.S.

Payroll Taxes -- A Hot IRS Initiative -- With a Burning Question: Employee or Independent Contractor

Originally Posted: February 1, 2011

The IRS will be selecting 500 nonprofit organizations for payroll audits in each of the next three years (as well as a high number of for-profit companies).

Personnel Files

Originally Posted: June 3, 2009

Keep only what you need in an employee's personnel file.

Taking the time to properly create and maintain your personnel files will pay off in the long run.

Retirement Plans: Are You in Compliance?

Originally Posted: July 7, 2014

Your company’s compliance with U.S.

Sales and Use Tax

Originally Posted: March 2, 2010

The rules for nonprofit sales/use tax vary considerably from state to state.

Volunteer Protection Act

Originally Posted: December 30, 2008

The Volunteer Protection Act of 1997 provides personal immunity to individuals who act on behalf of an organization in a volunteer capacity.

Withholding

Originally Posted: March 2, 2010

Payroll Tax: Withholding of employee state income tax is a requirement in most states with an individual income tax.

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