What Can Nonprofits Expect from Future Federal Tax Policies?

NONPROFITS | 11/15/2024 The future of nonprofit organizations under potential new tax policies has been a subject of extensive discussion and analysis. As nonprofits play a pivotal role in serving communities and advancing social causes, understanding potential changes to tax policies is crucial for effective planning and strategy formulation. Context of current tax policies The Tax Cuts …

Read more

How Certain Charitable Donations Can Help You Avoid Taxable IRA Withdrawals

TAX PLANNING | 08/29/2024 If you’re required to take required minimum distributions (RMDs) from a traditional IRA and also have charitable giving goals, a qualified charitable distribution (QCD) can be a powerful tax-saving strategy. By leveraging this approach, you can fulfill your philanthropic intentions while reducing your taxable income and potentially qualifying for additional tax …

Read more

Best Practices for Reducing Tax Risks in Nonprofit Schools

PUBLIC & EDUCATION | 05/22/2024 Independent schools face significant risks if they make tax-related errors, from reputational damage to potential financial sanctions. Even small mistakes on tax filings or missteps in operational activities can force schools to spend months—or even years—on costly damage control. What steps can tax-exempt schools take to mitigate these risks? By …

Read more

Allocating Expenses for Nonprofit Grants and Programs

NONPROFITS | 03/01/2024 Key Insights Does allocating expenses across grants and programs frustrate you because of complexity and lack of automation? It’s a common nonprofit pain point. For nonprofits, it’s critical wages and expenses are appropriately allocated both for compliance purposes and management’s understanding of program performance. The allocation process is often manual and time-consuming. Review some …

Read more

How to Avoid Nonprofit Donation Scams

NONPROFITS | 02/02/2024 Nonprofit organizations often rely on donations to support their mission-driven work, but unfortunately, these valuable revenue streams can attract fraudsters looking to exploit these resources. Scammers frequently target nonprofits with fraudulent donation refund requests and attempts to harvest personal information, which can lead to significant financial losses and damage to the organization’s …

Read more

HAVE A QUESTION? ASK CHARTERED
Please enable JavaScript in your browser to complete this form.

STAY IN TOUCH.

SIGN UP FOR CHARTERED’S NEWSLETTERS.