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nonprofit - September 19, 2019

What’s New in QuickBooks 2020 for Nonprofits?

Wondering if your nonprofit or church should upgrade to the new 2020 version? QuickBooks updates their Pro, Premier, and Nonprofit versions each year. I’m going to detail the most useful improvements for nonprofit accounting so you can decide for yourself.

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January 07, 2019

Links to Year-End Help Blog Posts

If your organization has a December 31^styear end, January is a very busy time.

Besides the 1099s to independent contractors and the W-2s to employees, you also need to clean up all your accounts so your records will be correct. In this post, I’m going to link you to older blog posts to help.

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mileage rates, self employed - December 31, 2018

2019 Mileage Rates for Business and Nonprofit Work

2019 mileage rates have been issued from the IRS with a 3.5 cent increase for business travel.

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1099, independent contractors - November 27, 2018

Who Are Independent Contractors and How Can I Get 1099s for Free?

I hate to disrupt your activities during this ridiculously busy time of the year, but if you would like to receive FREE IRS Form 1099-MISC, you will need to order them soon. Form 1099-MISC reports to the IRS royalties, rents, and other miscellaneous income, but we are most concerned with Box 7-Nonemployee Compensation. Nonemployee compensation is the payments to workers we use throughout the year that are not on our payroll. If we paid them over $600 throughout the year, we must furnish them a Form 1099-MISC. The red Copy A must be mailed to the IRS no later than...

Recording Stock and Endowment/Memorial Donations With Unrealized Gains and Losses

Donating stock to your charitable organization as a Donation, Endowment or Memorial requires specific recording methods to include Unrealized Gains and Losses.

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