It may sound backward that a nonprofit that’s tax-exempt would have to file a tax return. But like for-profit companies, nonprofits are also required to file yearly reports. Form 990 is the IRS form available to use in filing. The IRS requires nonprofits to report every year things like: • … [Read more...] about Form 990 And Nonprofits
How Do Advanced Directives Work?
Advanced directives are for end-of-life care as well as periods of temporary incapacity. Most people believe they are just for frail elderly people. But nearly anyone can be in an incapacitated state where they are unable to speak for themselves. You’ve probably heard the term “advanced … [Read more...] about How Do Advanced Directives Work?
The Pitfalls Of Failing To Establish Business Succession
Many business owners may blithely assume that when they pass away, their family members will step in and take over the company as if you were still there. Unfortunately, that’s not a very good assumption, and not a good business succession plan, either. Successfully transitioning a business to … [Read more...] about The Pitfalls Of Failing To Establish Business Succession
Pitfalls of Political Activity for Nonprofits
Politics and political activity are sticky and difficult subjects for nonprofits, particularly in recent years. Even a hint of political activity is enough to raise a lot of blood pressure for both sides. It’s difficult to avoid, because politics is everywhere, and it directly affects everyone no … [Read more...] about Pitfalls of Political Activity for Nonprofits
Healthcare Directives—What’s Recommended
When you visit your doctor, you have the opportunity to make informed choices about your healthcare. Whether it’s a prescription to treat high blood pressure or hypertension or something more serious like cancer, you’ll discuss these things with your healthcare provider before beginning or changing … [Read more...] about Healthcare Directives—What’s Recommended
