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DOL releases Final Rule on Independent Contractor status
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
IRS revises Form 1024-A for 501(C)(4) organizations and mandates electronic filing
Ohio enacts legislation allowing charities to auction alcohol as part of a fundraiser with no permit
IRS revises Form 1024-A for 501(C)(4) organizations and mandates electronic filing
FASB issues new non-profit accounting standard for in-kind gifts
FASB issues new non-profit accounting standard for in-kind gifts
IRS revises Form 1024-A for 501(C)(4) organizations and mandates electronic filing
The Financial Accounting Standards Board (FASB) issues new non-profit accounting standard (ASU 2020-07) for gifts-in-kind. The new standard, which is effective for annual reporting periods beginning after June 15, 2021, doesn’t change what in-kind gifts must be recorded or the criteria to record such gifts, but does increase the financial statement transparency, presentation and disclosures of gifts-in-kind.
Ohio Minimum Wage increases to $10.45 per hour for 2024
FASB issues new non-profit accounting standard for in-kind gifts
Ohio Minimum Wage increases to $10.45 per hour for 2024
The Ohio Minimum Wage applies to organizations with revenues over $385,000
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
As of January 31, 2020, all 1023's must be filed electronically through Pay.Gov. Forms 1024 and 1024-A are not impacted by this new requirement
New 1099 e-filing requirements
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
Starting with 2021 information returns the electronic filing threshold is reduced from 250 to 100 or more forms filed in 2022 for the tax year 2021
Ohio passes Senate Bill 102 allowing charities to raffle alcohol or give as a door prize
IRS now requires all Forms 1023, Application for Recognition of Exemption to be filed electronically
Ohio passes Senate Bill 102 allowing charities to raffle alcohol or give as a door prize
The bill is effective March 22, 2022 and details about the specifics are still emerging