Information for e-file Everyone can e-file, and everyone can e-file Individual tax returns for free Last year, nearly 120 million taxpayers opted for the safest, fastest and easiest way to submit their individual tax returns — IRS e-file. Since 1990, taxpayers have e-filed more than 1 billion Form 1040 series tax returns safely and securely. E-file is the norm. If your income is $58,000 or less, let Free File brand-name software do the hard work for you with free tax preparation and free e-filing. e-file with Free File Fillable Forms Regardless of income, everyone can use online Fillable Forms, which are an electronic version of the IRS paper forms. e-file with commercial tax software Do it yourself. e-file through a paid tax preparer Find a tax professional you trust to prepare and e-file your return. Attention Tax Return Preparers Starting January 1, 2012, you must use IRS e-file if you or your firm files more than 10 individual or trust returns.
Nonprofit Resources Related to Economic Development and Finance Our Learning Center includes a bookstore, hundreds of downloadable resources, and a calendar of live and online training programs on how good governance can shape an organization’s missions, finances and strategic direction. Access your Member Resources BoardSource members have access to hundreds of resources on the issues nonprofit leaders face daily. Get Started with a Collection BoardSource has compiled some of its most popular resources into special collections addressing key governance roles and responsibilites. Assess Your Performance Assessments help move your board and board leaders to the next level of performance. Which resources are the best fit for your experience level? Interested in making a bulk purchase?
What is Payroll? Guide on how to pay employees - Intuit Payroll 101 Payroll 101 As an employer, you have specific payroll responsibilities that are required by government agencies. These agencies can be federal, state or local. Some of these responsibilities include, but are not limited to, withholding amounts from your employees' compensation to cover income tax, social security, Medicare, and other payments. This section is designed to help familiarize you with the basic concepts of payroll management and introduce options to help make the process easier. Consult with a tax professional or accountant to address all of your business' specific needs. What is Payroll? Payroll is the total amount of money paid by a business to its employees over a set amount of time. What Are Payroll Taxes? Any tax levied by a government agency on employees' wages, tips, and other compensation. Your Responsibilities Reporting and depositing payroll taxes to the appropriate agency in an accurate and timely manner is vital to your business.
All About Financial Management in Nonprofits © Copyright Carter McNamara, MBA, PhD, Authenticity Consulting, LLC. Applies to nonprofits unless otherwise noted. New nonprofit leaders and managers have to develop at least basic skills in financial management. Expecting others in the organization to manage finances is clearly asking for trouble. Basic skills in financial management start in the critical areas of cash management and bookkeeping, which should be done according to certain financial controls to ensure integrity in the bookkeeping process. Sections in This Topic Include The following links are to sections included further below in this Web page. Basics and Getting Started Basics of Financial Management - - - Reviewing the Basics of Nonprofit Financial Management - - - Use Fiscal Sponsorship? Activities in the Yearly Accounting Cycle Planning and Cash Management Financial PlanningBudgeting and Managing BudgetsManaging Program FinancesManaging Cash FlowCredit and CollectionsBudget Deviation Analysis Special Topics Also see:
Ten Nonprofit Funding Models (March 16, 2009) For-profit executives use business models—such as "low-cost provider" or "the razor and the razor blade"—as a shorthand way to describe and understand the way companies are built and sustained. Nonprofit executives, to their detriment, are not as explicit about their funding models and have not had an equivalent lexicon—until now. M oney is a constant topic of conversation among nonprofit leaders: How much do we need? Where can we find it? Why isn’t there more of it? In tough economic times, these types of questions become more frequent and pressing. There are consequences to this financial fuzziness. In the for-profit world, by contrast, there is a much higher degree of clarity on financial issues. The value of such shorthand is that it allows business leaders to articulate quickly and clearly how they will succeed in the marketplace, and it allows investors to quiz executives more easily about how they intend to make money. Duke University business professor J.
Financial Accounting for NPOs Although there are few laws or regulations that directly state how nonprofit organizations must operate their finances internally, there are many that have a strong indirect impact. These indirect influences include IRS reporting requirements and the accounting standards most funding agencies require supported organizations to follow. In practical terms, these "recommended" standards all but demand certain accounting and other financial practices be followed by nearly all nonprofit organizations. This text provides only a preliminary introduction to some major issues in nonprofit financial accounting regulations and practices, specifically in the context of legal requirements. Nonprofit organization staff and advisors with direct financial responsibilities will need to consult other, more detailed resources to gain a sufficiently complete understanding for them to fulfill their duties. Legal Regulations IRS Reporting Links to online IRS resources are given below. State Reporting Revenue
Info: Resources for Nonprofit Organizations The resources listed below are a streamlined collection of information for nonprofit organizations and people who work, volunteer, and care for them. We encourage you to send us any suggestions you have for additions or improvements to this resource by using the Contact link at the top of this page. On these resource pages you'll find an overview of key topics for consideration by people who work for, lead, or support nonprofit organizations in the United States. The subject is vast; you should be able to find books about running nonprofits at your public library, and there are lots of other websites that provide other perspectives on the topic. Our goal is to touch on the basics and point toward some of these other resources. We see this as background for the many ways Idealist supports the work of nonprofits and the interests of the people connected to them. These pages were prepared by Idealist staffer Putnam Barber. Nonprofits: What are we talking about anyway? He says "nonprofit."