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2023 Legislative Session: A Recap

MNA Association

We successfully testified against six attempts to tax nonprofits, including property taxation of all healthcare organizations, unique taxes on nonprofit agricultural land, and the most perplexing of all, a bill that would charge unrelated business income tax on certain litigation expenses. Sadly, we saw more of this in 2023.

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The Differences Between a 501(c)(3), 501(c)(4) and Other Tax Exemptions

NonProfit Hub

Separated by just a few lines, which route you go to classify your nonprofit will have a big difference on what type of actions are legal and how you manage your finances. It can engage in some political activity as long as that activity is not the primary purpose, however, those expenses might be subject to taxation.

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Effective Tips to Help Make Your Payroll Processing Easier

Nonprofit Marketing Insights by GlobalOwls

Benefits taxation. However, the termination notice has to be in writing and must be signed by the responsible member of the company such as the HR Director or Managing Director. Employees are responsible for paying these amounts to the government such as, Long-term-care benefits for the employees. Workers or work injury compensation.

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The Taxman Cometh, Part 1: The Downside of the 2017 Tax Bill for Nonprofits

The Agitator

Specifically, the Joint Committee of Taxation estimates that 28 million fewer people will take a charitable deduction, falling from about 30% of taxpayers to about 5% of taxpayers. If the standard deduction is bigger than itemized, fewer people will itemize. This means fewer people will get any tax benefit from donating to charities.

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5 Actionable Ways to Prevent Profit Leaks

NonProfit Hub

It can be difficult for nonprofits to promote growth if their leaders are constantly bogged down by workforce management issues like compensation for paid workers versus volunteers or maintaining tax-exempt status with the IRS. A few methods can help managers evaluate current HR processes to see where profit leaks are occurring.

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2023 Montana Legislature: Week One

MNA Association

MNA’s primary focus is on bills related to the nonprofit sector generally including Appropriations, Taxation, Ballot initiatives, Voting/Elections, Campaign Finance, and Lobbying. Membership Manager Tylyn Newcomb. We are still sorting through the more than 4400 bill draft requests, of which just 336 have been introduced.

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Nonprofit Budgeting Basics for Fraternities & Sororities

Top Nonprofits

Let’s review the qualities of a winning budget, the components you should include, and how to leverage your budget to seamlessly manage your fraternity or sorority. As a 501(c)(7) social club , your fraternity or sorority is exempt from federal taxation, similar to a 501(c)(3) nonprofit organization. Components of a nonprofit budget.