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Don’t Make These Common Mistakes When Filing Your Form 990

sgEngage

Your tax-exempt status may keep you from having to file traditional tax returns, but maintaining the designation comes with its own labyrinth of forms, requirements, and deadlines. Here are nine common mistakes Nikita and her team at Tax990 see nonprofits make when filing their form 990s.

Files 67
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Form 990: Essential Information to Know Before Filing

Greater Giving

To preserve your status and make the most of your donations , your nonprofit has to file tax forms on an annual basis. The form that most nonprofits need to file is the IRS Form 990. Organizations that miss the filing deadline face penalty fees and the eventual loss of their 501(c)(3) status. Why is filing Form 990 important?

Files 45
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How to Develop Scalable AP Policies for Your Nonprofit

sgEngage

Making up directions as you go along might work when you are trying to recreate your grandmother’s made-from-scratch apple pie. Adding Vendors to Your Master Vendor File Specify who can add a vendor and what information is required for each vendor. Clear documentation standards help maintain accuracy and facilitate audits.

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Choosing an E-File Provider for Your Nonprofit Taxes

Achieve

Filing your taxes is one of the most important and most dreaded tasks for any nonprofit. After all, filing Form 990 correctly and on time is what helps your nonprofit keep its tax-exempt status — and helps you avoid paying unnecessary fees. . However, correctly filing your taxes is no simple task. Component filing.

Files 52
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Is Your Remote Team Getting the TLC They Deserve? An Audit Delivers Answers

.orgSource

Now that remote work makes a casual stroll through the cubicles challenging, I suggest an intentional approach. Make time to audit the impact working from home is having on your organization. Part of the task will be to identify whether working from home is the root cause of issues. Don’t forget volunteers.

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Breaking Free: Navigating Contractual Pitfalls When Switching Nonprofit Software

Bloomerang

This could work in your favor. Document everything : Keep detailed records of every interaction with your provider. These are tech platforms that track and document all of this for you—definitely worth considering. Vague or misleading statements could work in your favor if you end up in arbitration or litigation.

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Supercharge Your Intern Program: 18 Proven Assignment Ideas Across Marketing, Data, & More

Whole Whale

They should answer questions the staff has about performance, give a 30k foot view of what happened, and generate insights about what’s working in a report. Many eyes make for light work. Custom photo stock This is a fun excuse for an intern to run around the office and any physical sites to take good pictures of work in action.