Blog

Creating An Operating Reserve

By | 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 | 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 | 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 | 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 | 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 | 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 [...]

Iowa Farm Economy – How Things Shape Up for 2017

By | March 1st, 2017|Agriculture, Economy, Lease|

Susan Voss, CPA, one of the leaders of TD&T's Ag team, discusses the current Ag market and our economy. Along with an update on our status, she also provides some critical information regarding leases and how it could relate to your taxes. In previous newsletters, I have focused on how we can make it [...]

Work Opportunity Tax Credit: Good for your Business and Good for the Nation

By | March 1st, 2017|Employment, TAX, Tax Services, WOTC|

A lot of employers overlook this important tax credit. Lyndi DeVries, Business Services Manager at TD&T, provides some background on this potentially valuable opportunity for your business. When your business looks to hire employees, you may inadvertently overlook some specific groups who sometimes face barriers to employment. Enacted in 2015, the Protecting Americans from [...]

Estate Basis Reporting – Getting it Wrong Can Increase Your Taxes

By | March 1st, 2017|Advisory, Estate Planning, Executor, Gifts, TAX, Tax Services|

Vicki Beckey, CPA, CFF, CSEP and head of TD&T’s estate department, provides some thoughts on understanding estate and gift taxes. The Surface Transportation and Veterans Health Care Choice Improvement Act of 2015 requires consistent basis reporting between a decedent’s estate and the beneficiary who inherits property from a decedent. The IRS defines basis as [...]

Medicare vs. Medicare Advantage Plans

By | 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 [...]