three compliance risks facing nonprofits
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.
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