Non-Profit Tag

Raffles are popular fundraisers for non-profits, but they’re subject to strict tax rules. State laws on non-profit-sponsored raffles can vary significantly, but non-profits must comply with federal income tax requirements linked to unrelated business income (UBI), reporting, and withholding. UBI tax Non-profits are required to pay...

Communication breakdowns between a non-profit’s development and accounting departments can lead to confusion, embarrassment, and even financial problems. Here are three ways your organization can facilitate cooperation between these two critical functions. Recognize differences Accounting and development typically record their financial information differently, which is...