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So far TD&T Staff has created 29 blog entries.

Creating An Operating Reserve

By | 2017-04-21T12:32:32+00:00 April 13th, 2017|Nonprofit, Saving|

Consider the consequences for your nonprofit if an unexpected event were to deplete your cash on hand. You could be forced to divert funds from essential programs to cover the shortfall. When cash flow is tight or funds are needed due to unforeseen circumstances, an operating reserve fund can help sustain your organization. Building Reserves [...]

Boosting Morale: A Win-Win

By | 2017-04-21T12:32:45+00:00 April 13th, 2017|Morale, Nonprofit|

When resources are limited and demand for services is high, it’s no surprise that workers at nonprofits may feel stressed and discouraged. If left unchecked, low morale can make fulfilling your mission a lot more difficult. You may be able to turn things around at your organization with these morale-boosting ideas. Cultivate Mutual Respect A [...]

Moving Day

By | 2017-04-21T12:32:56+00:00 April 13th, 2017|Moving, Nonprofit, Tips|

Moving can be a chore, but planning ahead may minimize disruptions and downtime. Don’t Keep It a Secret As soon as possible, notify your donors, vendors, suppliers, constituents, and any other individuals or businesses that come in contact with your nonprofit that you’re relocating. Send email messages, mail out postcards, and put up signs at [...]

Vehicle Donations: Helping Your Cause

By | 2017-04-21T12:42:25+00:00 April 13th, 2017|Donation, Nonprofit, Vehicle|

Not-for-profit organizations typically engage in a variety of fundraising activities to support their programs and further their tax-exempt purpose. One activity that often resonates with charities and donors alike is the sale of donated vehicles. If your organization currently has or is considering a vehicle donation program, following IRS rules can keep your program running [...]

Protect Your Tax Exemption

By | 2017-04-21T12:42:44+00:00 April 13th, 2017|Exempt, Nonprofit, TAX, Tax Services|

Charities that conduct vehicle donation programs may jeopardize their tax-exempt status by operating the program in a manner that improperly benefits private parties. Generally, a charity’s tax-exempt status won’t be affected if it does any of the following with donated vehicles: Sells the donated cars and uses the proceeds exclusively to fund its charitable programs [...]

Telling Your Story With Form 990

By | 2017-04-21T12:43:02+00:00 April 13th, 2017|IRS, Nonprofit, TAX, Tax Services|

Attracting and retaining donors can be among the more challenging tasks for your nonprofit organization. So you’ll want to take every opportunity to help potential supporters recognize the value of your mission. IRS Form 990, Return of Organization Exempt From Income Tax, offers a convenient vehicle for getting your story out. The Internal Revenue Code [...]

Medicare vs. Medicare Advantage Plans

By | 2017-04-21T12:48:41+00:00 March 1st, 2017|Healthcare, Insurance, Medicare|

Medicare and Medicare Advantage – what’s the difference? Kyle Merry, Tax Associate, and Joshua Buckingham, CPA and Principal at TD&T provide some clarification in this article. Each year, more people qualify for Medicare and when they do, they find out it’s not as simple as just signing up for Medicare. In addition to basic [...]

Potential Tax Reform Expected in 2017

By | 2017-04-21T12:49:02+00:00 March 1st, 2017|Change, Government, TAX, Tax Services|

What can you expect regarding changes to the tax system in 2017? Amie Kuntz and Monica Sullivan of TD&T’s Tax Department provide some thoughts on what to look for from Congress and the Trump Administration this year. Many Americans have had tax reform on their minds. Both major Presidential candidates made tax reform part [...]

Acting on a Charity’s Behalf

By | 2017-04-21T12:49:15+00:00 January 1st, 2017|Deductions, Nonprofit, TAX, Tax Services|

If a for-profit business collects donations on behalf of a charity, are the contributions tax deductible for the donors? If the business is acting as an agent for the charity, the donations may be tax deductible. The agent can also provide contemporaneous written documentation to donors to substantiate their income tax deductions. The agent should [...]

Budgeting For Funding

By | 2017-04-21T12:49:30+00:00 January 1st, 2017|Fundraising, Nonprofit|

Fundraising plays an essential role in helping nonprofit organizations secure the money they need to fulfill their missions. Creating a budget for fundraising can help an organization utilize available resources most effectively. Determining How Much Is Needed A first step in the budgeting process is calculating the amount of additional capital needed. Subtracting expected income [...]