Completing the IRS Form 990 is an annual ritual for most tax-exempt organizations. Nonprofit leaders understand that this form transmits important financial and operational information to the federal government, but…
Recognizing Unrelated Business Income in your Nonprofit
Direct mail, sponsorships, fundraisers – these are just a few of the many ways nonprofits work to raise revenue to support their charitable or educational endeavors. But did you know…
What Gov. Wolf’s Proposed Budget Means for Taxes in Pennsylvania
Pennsylvania Governor Tom Wolf presented his 2016-2017 budget yesterday, but those expecting to hear his plans for the upcoming fiscal year in Pennsylvania were disappointed. Instead, the Governor’s main topic…
State Tax Update: PA Department of Revenue Raises Burden of Proof for Expense Deductions
Pennsylvania Department of Revenue (DOR) Secretary Eileen McNulty confirmed earlier this month in a letter to state legislative leaders that the DOR has formalized into policy its supporting documentation requirements…
Key Federal Filing Requirements for Health & Welfare Benefit Plans
The landscape of health insurance is ever changing, so it is essential that employers be aware of the numerous federal filing requirements related to health and welfare benefit plans they…
