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Insurance

As with any business, nonprofit organizations need to purchase insurance to protect their assets.  The following are a few types of insurance that nonprofits should have.  If you’re not sure…

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2020 Standard Mileage Rates

The IRS has released the standard mileage rates for 2020.  Beginning on January 1, 2020 mileage rates are as follows: 57.5 cents per mile for business (58 cents in 2019) 17 cents per mile…

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990 Changes for 2019

Nonprofit organizations with gross receipts of $200,000 or more or total assets of $500,000 or more are required to file Form 990 for the tax year. The form for 2019 only has a few changes…

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Nonprofit Accounting Software

Most nonprofit organization use an accounting software to record their transactions.  By utilizing a software program, as opposed to an Excel spreadsheet or even paper records, management can…

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Tax-Free Transportation Fringe Benefits

Over the years, Congress has established some nice tax breaks for transportation-related employee fringe benefits to encourage taxpayers to be more ecology-minded when commuting to…

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Year-End Checklist

As we approach the end of the year, here are a few reminders to be sure your nonprofit addresses to wrap up 2019 and get ready for 2020. Send thank you letters to donors for their…

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Tax Breaks For Home Improvements

Are you planning to make substantial renovations to your home? You may be adding a deck or patio, finishing a basement or attic or installing a pool. Despite some changes in the Tax Cuts and…

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6 Education Tax Breaks On The Books

It costs a pretty penny to send a child to college or private school these days. But at least the federal tax code may provide some relief, within certain limits. Can you take advantage of…

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Multistate Resident?  Watch Out For Double Taxation

Contrary to popular belief, there's nothing in the U.S. Constitution or federal law that prohibits multiple states from collecting tax on the same income. Although many states provide tax…

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Form 1099-MISC

If your organization pays $600 or more during the calendar year to an individual or business, you may be required to issue them a Form 1099-MISC. IRS Form 1099-MISC is used to report the…

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"Bruner Dental has been with DWD for well over 15 years. The entire team at DWD has been helpful in many ways. From simple questions day to day, to audits, payroll needs, and much more; they…"

Rondell Nelson

Bruner Dental