During the pandemic, the implications for nonprofit funding, including those that rely heavily on state assistance and individual and business donations, are obvious.
5 Steps Nonprofits can take to Survive Tough Economic Times
Tag: nonprofit budget
IRS Offers Nonprofits New Transportation Benefits Guidance
The Tax Cuts and Jobs Act (TCJA) dealt several blows to the nonprofit sector. One of them is that, effective January 1, 2018, nonprofit employers are subject to tax on transportation fringe benefits provided to employees. The IRS recently released Notices 2018-99 and 2018- 100 to provide guidance on this issue.