A Detailed Breakdown of the Nonprofit Tax Form 990

Content Who files the IRS Form 990? Which Form 990 do we file? Tax Assurance Who has access to my nonprofit’s 990? Part VII of the IRS Form 990 (Compensation) Item 2 – How Much Income Did the Foundation Receive and From What Sources? In describing its programs, a foundation should be able to provide […]

Basic Accounting for a Small Business: Bookkeeping and Accounting Basics

Content Create your business accounts General Accepted Accounting Principles or GAAP: What does it mean? Basic Bookkeeping vs. Full Service Accounting Reduce self-employment taxes with a corporation or LLC Can I do my own bookkeeping? Many small business owners, including solopreneurs and other micro-businesses, may find it helpful to do bookkeeping using accounting software. There […]