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01.20.12
The Power of Volunteering Outside of Your Comfort Zone
Whether sitting on a finance committee, completing work pro bono, or getting involved with issues close to home, when it comes to volunteering, we often stick with what we know. While we offer our talents to others, there is an untapped power in volunteering outside of your comfort zone.
01.13.12
BINGO! What now?
In the current state of the economy, organizations are trying new and unique ways such as holding gaming activities including bingo, raffles, or card games either as stand-alone activities or as part of larger special events to draw in contributors. Gaming activities, however, come with a number of specific rules surrounding filing and withholding requirements that organizations need to be aware of prior to hosting these events.
12.23.11
Form 990 to the Rescue!
You’ve seen the pleas for assistance, read the organization’s brochure, why you’ve even spoken to a few friends to get their thoughts on the organization. You’ve finally found the perfect non-profit to share your good fortune with. But wait, you’re still asking yourself “How do I know what my donation is really being spent on?”
12.09.11
Holiday Tipping Guide
With the year drawing to a close, now is an ideal time to review your tax situation and evaluate strategies that may help minimize your bill. Here are five tax planning tips to consider before year-end that could keep more money in your pocket.
11.29.11
Hope is the Best Gift
As we celebrate Lung Cancer Awareness Month in November, we are reminded that lung cancer is a difficult disease to detect. Unlike breast, prostate or colon cancers, there are no reliable methods for the early detection of lung cancer.
11.07.11
REPORT FOR DUTY! Support your country AND earn tax credits.
When you hire a Veteran, you are not only being patriotic but you may also qualify for a tax credit. Veterans are generally described as a highly skilled workforce, tech savvy, leaders and motivated. Those are great traits for a new employee and it can also shave money off your tax bill at the same time.
10.28.11
Going Once, Going Twice, Put it in the Books!
Many not-for-profit organizations hold fundraising events, such as dinners and galas, with the dual purpose of raising awareness of their programs and increasing donations. These organizations are required to report revenue and expenses from special events on their statement of activities as gross amounts if the events are part of the organization’s ongoing major or […]
10.14.11
A Pink October
As the leaves begin to turn color and fall from the trees, A Silver Lining Foundation encourages you to realize that breast health education and regular testing is a year round issue and an essential component of lowering your risk factors
08.05.11
Promises to Give, Recognizable or Not?
Deciding when to recognize a donor’s promise to give as contribution revenue isn’t as easy as one may think. Understanding the different types of promises and general revenue recognition rules for each will help ensure your organization is recording promises to give correctly.
07.08.11
Use It Or Lose It
The IRS recently issued a listing of approximately 275,000 organizations that have automatically lost their tax-exempt status due to non-filing of required annual reports for three consecutive years. This inclusive list represents organizations of all sizes and exemption types that had a filing requirement but did not file the required returns or notices for the 2007, 2008, and 2009 tax years.