‘Kiddie Tax’ reverts to old rules
The kiddie tax will revert to pre-TCJA rules for 2020, and affected taxpayers may benefit from filing amended returns for 2018 and 2019.
To find new revenue opportunities, apply critical thinking skills
Sometimes finding new sources of revenue starts internally by examining your organization’s finances and applying critical thinking skills.
New Form 1099-NEC will report nonemployee compensation
There’s a new IRS form for business taxpayers that pay or receive nonemployee compensation – Form 1099-NEC.
It’s time to cultivate Gen Z – your next generation donors
Young members of the emerging Generation Z demographic show strong signs of activism, and future-looking nonprofits should cultivate them now.