The CPA Desk

A Thought Leader Production by PKFTexas

Tag Archives: Not-for-Profit

Not-for-Profits: You Can Save Tax with an Accountable Plan

Your not-for-profit can’t generally reimburse employees for business expenses tax-free just because staffers submit expense records. However, you can if you have a properly executed accountable plan. Under such a plan, reimbursement payments will be free from federal income and employment taxes for recipient employees and not subject to withholding from their paychecks. Additionally, your… Continue Reading

How to Create a Continuity Plan That Works for Your Not-for-Profit

Most not-for-profits are intensely focused on present needs — not the possibility that disaster will strike sometime in the distant future. Yet it’s critical that all organizations have a formal continuity plan to guide them should a natural or manmade disaster disrupt operations. Formal plan You likely already have many of the necessary processes in… Continue Reading

Common Questions About Registering a Not-for-Profit in Multiple States

If your not-for-profit solicits funds online — or uses other fundraising methods that cross state boundaries — it may need to register in multiple jurisdictions. We’ve answered some commonly asked questions. My charity receives occasional contributions from out-of-state donors. Do I need to register with those states? Yes, but only if you’re actually asking for… Continue Reading

Helpful Tips for Not-for-Profits Filling Out Form 990

Jen: This is the PKF Texas Entrepreneur’s Playbook. I’m Jen Lemanski, this week’s guest host, and I’m here with Annjeanette Yglesias, one of our Tax Managers on our not-for-profit team. Annjeanette, welcome to the Playbook. Annjeanette: Thanks, Jenn; it’s nice to be here. Jen: So, as a tax advisor, you often work with non-profits on… Continue Reading