It’s that time of year again. Organizations, including nonprofits and churches, must wrap up their books and make sure everything from payroll to accounts payable are in order so they…
Nonprofit Management
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Nonprofit AccountingNonprofit Management
Free IRS Form 990-N eFiling By Aplos Software
by Alex Acreeby Alex AcreeYou read that right. Aplos is now a trusted partner of the IRS, and is offering free eFiling of the Form 990-N (e-Postcard) for any small tax-exempt organizations. And just…
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Church ManagementNonprofit AccountingNonprofit Management
Payroll Taxes Withheld
by Tim Goetzby Tim GoetzThere are several different types of payroll taxes. Most employees or self-employed individuals pay taxes, either directly withheld through a payroll deduction or when filing their personal income tax return.…
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Church ManagementNonprofit AccountingNonprofit Management
Employee Business Expenses
by Tim Goetzby Tim GoetzI recently returned from a business trip, which gave me the idea to write a blog about what’s needed for a company expense reimbursement policy. To start, a good expense…
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Fraud happens in the workplace, and a recent study indicated it can take a long time to detect, and nonprofit organizations are not insulated from occupational fraud. In fact, they…
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Nonprofit AccountingNonprofit Management
Financial Ratios For Nonprofit Organizations
by Tim Goetzby Tim GoetzGood financial information can help your nonprofit execute its mission, which will propel your organization to flourish so you can put your nonprofit’s vision in motion. Ratios are a tool…
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When setting up the books for your nonprofit, specifically the chart of accounts, one of the best things you can do is check out the 990-EZ expense worksheet to categorize…
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Nonprofit AccountingNonprofit Management
When You Need More Time – Filing A Form 990 Extension
by Tim Goetzby Tim GoetzMany people may have not even received their personal tax refund—or worse yet, just paid their tax bill—when the nonprofit tax form is due. It’s the dreaded Form 990 (or…
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What is a nonprofit fiscal year, and how is it different from a calendar year? And why does it matter? The I.R.S. gives the following definitions: Calendar Year – A…
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Church ManagementNonprofit AccountingNonprofit Management
Year-End Checklist For Nonprofits And Churches
by Tim Goetzby Tim GoetzIf your organization’s fiscal year is from January to December, this time of year may leave you feeling a wide range of emotions. You likely find yourself grateful for the…