Indiana Nonprofit Annual Report
Effective July 1, 2015, Indiana nonprofit annual reports will now be due on a biennial basis, instead of annually (Source).
Currently, nonprofit entities file an Indiana annual report every year, while for-profit entities, such as LLCs and corporations, … Read more
Selecting a Nonprofit Board of Directors
Selecting a nonprofit board of directors is vital to your nonprofit’s success. Collectively, the board of directors strategizes, sets policy, and makes decisions for the nonprofit. Individually, each director should have certain qualities and attributes that adds value to your organization. Lastly, … Read more
How to Open a Nonprofit Bank Account
One of the most important steps in starting a nonprofit is opening a bank account. This allows your organization to deposit funds, to write checks, and to begin saving money. However, opening an account is not as easy as strolling into … Read more
New Hampshire Nonprofit Annual Report due in 2015
As compliance junkies, we like to talk about unusual events in the corporate filing world. Today’s subject is the New Hampshire nonprofit annual report, which must be filed every five years. And you guessed it, this report is due in … Read more
IRS Form 990 Due May 15, 2015
Important Compliance Deadline for Nonprofits: Form 990 is due on 5/15/2015
For nonprofits on a calendar tax year, your annual 990 filing is due May 15, 2015. This applies to most nonprofits.
Organizations not on a calendar tax … Read more
Staying Compliant Using Form 1023-EZ
Last week, we shared an update from the IRS on Form 1023-EZ, which has streamlined approval of 501(c)(3) applications. Using the new form, nonprofits typically receive a determination letter in less than 30 days, sometimes as little as two weeks.… Read more
Montana No Longer Requires Certificates of Existence
Posted on
April 8, 2015, by James Gilmer in Industry News.
On February 18, 2015, the state of Montana passed Senate Bill No. 35, which eliminates the Certificate of Existence requirement for foreign business entities. Instead, businesses qualifying in Montana will affirm “a statement that the foreign corporation has complied … Read more
How Effective is IRS Form 1023-EZ? A Look at the Numbers
In July 2014, the IRS released Form 1023-EZ in an attempt to reduce a backlog of over 50,000 applications. Upon the form’s debut, there were a lot of questions regarding the form’s effectiveness, how long it would take, etc. Nine months … Read more
DC Biennial Report Due MAY 1st, 2015
Posted on
March 30, 2015, by James Gilmer in Industry News.
If your business has registered in the District of Columbia, we have a special compliance announcement!
The Department of Regulatory and Consumer Affairs, informally known as the DCRA, has extended the deadline for DC biennial report filings to May 1, 2015. … Read more
How to Stay in Good Standing
Posted on
March 13, 2015, by James Gilmer in Business Compliance.
Business compliance is a lot like Zen Buddhism.
It takes a certain amount of mental effort to become compliant with state requirements, and it takes an equal amount of focus to learn how to stay in good standing, especially as your business grows.… Read more