Congress agrees to extend payroll-tax relief

by Scott Priestle February 20, 2012

Both houses of Congress passed a bill last Friday that will extend the 2 percent payroll tax cut through 2012, ending months of debate and saving hundreds of dollars for employees. The employee portion of the payroll tax was reduced from 6.2 percent to 4.2 percent in 2011, then extended through February 2012. The new [...]

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Obama continues to push for increased taxes

by Scott Cress February 15, 2012

President Obama released a budget request Monday that calls for a significant increase in tax revenue, mainly at the expense of individuals making at least $200,000 per year in adjusted gross income or families making $250,000 per year. The budget has little chance of passing a divided Congress in an election year, but it gives [...]

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Are you pinning?

by Season Olson February 13, 2012

Pinterest is the new online craze.  It began in December 2009, and last fall Time magazine declared it one of the “50 Best Websites of 2011.” By the end of December 2011, there were 11 million visits, primarily by women between the ages of 25 – 44 – a prime demographic to reach. So what [...]

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IRS tool makes it easier to research non-profits

by Scott Priestle February 1, 2012

The Internal Revenue Service created a new tool on its website that will make it easier to find and research certain information about tax-exempt organizations. The tool, called the Exempt Organizations Self Check, consolidates information that previously was housed in three separate databases. The new tool offers expanded search capabilities and provides a more efficient way to [...]

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PayPal offers rewards, risks for non-profits

by Robert Ramsay January 25, 2012

Many non-profit organizations have found that PayPal offers a safe, convenient and unobtrusive way to solicit donations. It can be a great complement to traditional fundraising efforts, particularly at a time when staffs and budgets are stretched thin. Your donors can reach PayPal from your website, make a contribution on a secure site, then return [...]

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Fraud is a prominent and expensive problem

by Season Olson January 24, 2012

Employee theft was a prominent – and expensive – problem in 2011, but there are some noteworthy trends that can help you prevent similar loss within your organization. Marquet International Ltd. has studied white-collar crime in the United States for the past four years, and its most recent report – The 2011 Marquet Report on [...]

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IRS to track all 1099s

by Agnes Spoelker January 24, 2012

Beginning this year, corporations must report on their corporate tax return if they are required to file Form 1099 and whether they have filed all that are necessary. The IRS added the following question to the 2011 return in order to better track the 1099s that are not being filed: a. Did the corporation make [...]

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Reminder: Ohio non-profits must register online

by Paula Hume January 20, 2012

The Ohio charities and non-profits registration process has changed with the launch of the Online Charitable Registration System. The new system, which launched December 1, 2011, aims to eliminate the paper-based process of filing with the Ohio Attorney General. Moreover, the Online Charitable Registration System will increase transparency and accountability throughout the sector.  You probably [...]

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