Not-for-Profit

Monday, 06 January 2014

Does Your Not-for-Profit Sell Goods Online?

Written by Rehmann Team

To raise money, your not-for-profit organization wants to sell items either on its Web site or offline. Beware! Selling goods over the Internet, as well as offline, can make a not-for-profit organization subject to the Unrelated Business Income Tax (UBIT) unless the sales are connected to your tax-exempt objective.  UBIT, based on corporate income tax rates, is applied to income generated from a not-for-profit organization's activities that are not "substantially related" to the group's tax-exempt purpose...

Published in Not-for-Profit
Thursday, 02 January 2014

Not-for-Profits: Involved in Prohibited Activities?

Written by Rehmann Team

Does your tax-exempt organization lobby for better health care, lower taxes or other issues? Let's say you prepare and finance a full-page ad on your organization's position that is published in several large newspapers during election season. Is this activity considered political and can it result in adverse tax consequences?By law, tax-exempt organizations are prohibited from engaging in certain activities that involve "advocating" or lobbying on behalf of a political candidates...

Published in Not-for-Profit
Thursday, 19 December 2013

Donors Interested in Giving Cash? Think Stock Instead

Written by Rehmann Team

It's important to educate potential donors about the benefits of giving appreciated stock to your organization.   Let's say that a contributor is interested in donating $10,000. In return, of course, the person will receive a charitable deduction based on his or her tax bracket. But what if the contributor sold $10,000 worth of stock -- purchased one or more years ago for $2,000?..

Published in Not-for-Profit
Monday, 19 August 2013

Not-for-Profit Industry Update - August 2013

Written by Rehmann Team

At Rehmann, we believe the experience you have working with us is as important as the services we provide. That's why we are constantly learning, honing our skills and sharing valuable insights with our clients to help you navigate today's ever-changing business world.ContentsAccounting UpdateFederal Awards UpdateTax Update Accounting Update   Accounting Standards Update ASU No. 2012-05 “Statement of Cash Flows (Topic 230): Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows” Effective in FY 2014...

Published in Not-for-Profit
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