Website Policies: Which Ones You Need And Why They Matter 2019

A little more than two years ago, we took some time to review the type of website policies your organization should maintain and since then, the topic of online personal data collection and related policies has exploded. Everything from sweeping reforms such as the European Union’s (EU) new General Data Protection Regulation (GDPR) regulations and data breach policies in the wake of massive corporate hacks mean it is more important than ever to have your policy ducks in a row. Fortunately, everything from the original 2017 article is just as applicable today … Read more

You Need To Pay Taxes On Program Book Ads

Non-Profits Pay Taxes On Unrelated Business Income Just because your organization is tax exempt doesn’t mean everything you do is exempt from taxes. There are a number of activities that result in what is known as Unrelated Business Taxable Income (UBTI) which may be as much as 21%. While there are some subtle distinctions that determine what activities are taxable and which are not, program book advertising is definitely taxable. IRS publication 598, is a good starting resource on the subject because it offers a number of scenarios as examples of related … Read more

Valuing and Acknowledging Donations

I recently attended a webinar conducted by John Taylor of John H. Taylor Consulting providing updates on IRS rules on acknowledging charitable giving. Neither Taylor nor I are lawyers and there are a lot of subtleties and exceptions when it comes to tax law. There were a number of interesting things Taylor mentioned that are worth being aware of, if only to serve as a conversation starter with your accountants and attorneys. Perhaps the thing to which to most pay attention is the guidance regarding donor advised funds since those are becoming … Read more

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