Nonprofit Issues Newsletter, August 2022
August 25, 2022 - Topics include effective goals for nonprofit boards, data on the impact of inflation, lessons learned from data breaches, and more.
New IRS Sign-in Process for Form 990-N Filers
August 24, 2022 - Starting in August 2022, the IRS has implemented a new sign-in process for nonprofit entities that file Form 990-N, Electronic Notice for Tax-Exempt Organizations (e-Postcard).
Educators Can Deduct Up to $300 in Out-of-Pocket Classroom Expenses in 2022
August 24, 2022 - For 2022, the maximum expense deduction eligible educators may take for qualifying out-of-pocket classroom expenses has increased to $300. This is the first time the educator expense deduction has increased since it was enacted in 2002.
New Indiana Sales Tax Rules for Nonprofits and Churches Go Into Effect on July 1
June 16, 2022 - Indiana is changing the circumstances under which nonprofit organizations, including churches, are exempt from collecting sales tax. The new rules are effective July 1, 2022.
IRS Raises Standard Mileage Rate for Second Half of 2022
June 10, 2022 - Effective July 1, 2022, the standard mileage rate for business travel will increase by four cents per mile, to 62.5 cents per mile.
Employee Retention Credit Assistance and Answers
April 26, 2022 - Many questions about the Employee Retention Credit (ERC) remain, including how to navigate through the rules and regulations to determine eligibility and what counts as qualified wages. CapinCrouse can help. Gain insight with our new video and FAQs.
Employee Retention Credit Frequently Asked Questions
April 20, 2022 - Answers to common questions about the Employee Retention Credit, including how to determine eligiblity, what qualified wages are, how to claim it, and more.
Nonprofit Issues Newsletter, February 2022
February 24, 2022 - This newsletter covers steps to help your organization with the adoption of the new accounting standard for leases, the benefits of a planned giving ministry, triggering events that could require immediate reporting under the new borrower defense rules, and more.
Key Federal Tax Figures for 2022
January 25, 2022 - Download your free copy of our annual Key Federal Tax Figures summary for use throughout 2022.
Remind Donors About the Special Charitable Tax Benefit Available Through December 31
December 14, 2021 - Now is a good time to remind your donors who do not itemize their deductions that they could receive a charitable contribution deduction of up to $600 on cash donations made to qualifying charitable organizations by the end of 2021.