The Taxpayer Certainty and Disaster Tax Relief Act of 2019 was signed into law on December 20, 2019. The law repeals a provision under the Tax Cuts and Jobs Act that required tax-exempt organizations to include their costs for providing qualified transportation fringe benefits to employees in unrelated business income.
This relief is limited to non-profits. The elimination of the employer’s deduction for qualified transportation fringe benefits for all other employers remains in effect.
November 28, 2023 Outsourcing accounting and financial services at your nonprofit can be a game-changer, as Carole Melvin, the regional director at
For many nonprofits, finance and accounting aren’t core competencies, so outsourcing your accounting functions can be an effective strategy. There are many
Empower your nonprofit with strategic budgeting to directly address economic pressures with realism and creativity, potentially turning challenges into opportunities. Set the
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