The capability of the nonprofit sector to initiate systemic social change has been a persistent question. Despite past attempts to reform elements such as board effectiveness, fundraising strategies, and foundation-led initiatives, shortcomings have led to a reevaluation of the fundamental assumptions guiding these efforts. The current imperative is to embrace a transformative shift that …
As an employer or an employee one intricacy of tax laws and regulations that often goes unnoticed is the concept of Accountable Plans. These plans, when implemented correctly, can provide significant tax benefits for both employers and employees.
Under the Tax Cuts and Jobs Act (TCJA) signed into law by President Trump in 2017, the …
As tax time approaches, here are some tax issues that taxpayers frequently overlook, ranging from obscure deductions to overlooked tax credits and benefits. Of course, not everything can be included since the tax law has grown significantly in complexity, and it would take a thick book to list everything. But besides what you are …
Despite warnings from the IRS, the American Institute of CPAs, and other professional tax preparer societies, many business owners have fallen victim to aggressive marketing of the Employee Retention Credit (ERC) by marketers or promoters into filing ineligible claims.
As part of a larger effort to protect small businesses and organizations from scams, the IRS …
With the fall harvest season in full swing, it’s essential for drivers to be aware of the increased presence of large farm equipment on the roads. These implements require more road space, so drivers should be prepared to slow down, pull to the side, or stop when necessary. Rural drivers must remain vigilant, as …
In the late 1990s, Michigan’s plant agriculture faced serious challenges, with pests and diseases threatening growers. To address this, a partnership called Project GREEEN (Generating Research and Extension to meet Economic and Environmental Needs) was established, bringing together leaders from Michigan State University, the Michigan Department of Agriculture and Rural Development, and plant commodity …
The U.S. Department of Agriculture (USDA) is providing $27.6 million in grants through its 2501 Program to support underserved and veteran farmers, ranchers, and foresters. The program offers training, outreach, and technical assistance to help them succeed in their agricultural ventures. These grants will fund various projects, including educational initiatives and resource connections. The …
There are many stages in the lifetime of a nonprofit when it may be valuable to bring in outside support. Consultants can provide an unbiased perspective, beneficial expertise, or much-needed capacity, to help an organization address a specific problem or achieve an identified goal.
With so many options, it may be difficult to find the …
Conversations about the decline of charitable giving often center on only one-half of the fundraising transaction: the donor. Good development professionals understand that philanthropy is not a one-way street. It is incumbent upon organizations to craft effective strategies and build positive relationships with their supporters to ensure the success of their fundraising efforts.
This article …
In the nonprofit world, your focus is solidly on your mission. As a result, discussion about money can often be reactionary, leaving you at a disadvantage when it comes to establishing sustainable funding to support important programs and services. A more effective strategy for achieving a sound financial position is to take a page …
