Exempt Organization Newsletter | August 2023

Exempt Organization Newsletter

August 2023

Our August newsletter is jampacked with news and announcements, plus technical briefs on outsourced HR functions, tax smart fundraising tracking, and private foundation conflict of interest policies.

• Benefit to Nonprofits to Outsource Human Resource Functions

Before deciding to outsource your HR functions you need to examine the level of services being outsourced, the value, cost, and consider the impact on your workforce.

• Nonprofits Be Tax Smart: Track Fundraising Expenses and Donations

Tax reporting is essential when hosting special events and fundraising including differentiating the ticket price and contributions.

• Required Conflict of Interest Policies for Private Foundations

Private foundations are required to follow stricter rules regarding the IRS definition of “disqualified persons” and related financial transactions making a conflict-of-interest policy essential.

• 2023 Exempt Organizations Conference Announced

CPAs Earn up to 6.0 Hours of CPE Credit at the 2023 Lumsden McCormick Exempt Organizations Conference.
 

Read the August newsletter.