three compliance risks facing nonprofits

Post on 12-Jan-2017

915 Views

Category:

Government & Nonprofit

0 Downloads

Preview:

Click to see full reader

TRANSCRIPT

ComplianceRisks Th

ree

Facing Nonprofits

State RegulationsNonpro�ts must collect sales tax on all items subject to tax.

You must be licensed in all states where transactions take place.

Review licensing requirements in all states where transactions take place.

Ensure business licenses are up-to-date for telecomuting employees.

Test to Qualify

> 1/3 of its support from

publicly supported organizations,

governmental units, and/or

the general public?

>1/3 of its support from

contributions, membership

fees, and gross receipts from

activities related to its exempt

functions and <1/3 of its support

fromgross investment income?

Do you support one of above

Publicly Supported Charities?

Public Charity StatusDoYouQualify?

Do you have employees or contrators?

Employee Classi�cation

Understanding the employee/employer relationship structure is key.

For more information visit: www.cbiz.com

top related