The IRS announced it is granting relief to benefit plan sponsors affected by Hurricane Sandy. This relief also includes plan providers whose services impact the filing of Form 5500. In general, plans in the affected areas will have until November 7, 2012 to file returns that otherwise would have been due October 31, 2012.
Relief is automatic, with no action required by plan sponsors. In the event a notice for delinquent filing is received, then the impact of Hurricane Sandy should be referenced in the plan sponsor’s reasonable cause statement. As additional details emerge regarding the storm’s impact, additional filing relief Continue reading »
As a result of the Affordable Care Act (ACA), some employers that sponsor group health plans have begun receiving Medical Loss Ratio (MLR) rebates from their health insurance carrier(s). Upon receipt of these rebate checks, employers have some decisions to make: Continue reading »
On June 28, 2012, the Supreme Court narrowly voted to uphold the majority of the Affordable Care Act (“the Act”). In the end, the basis for the decision was the federal government’s authority to tax. Under the Act, certain individuals that do not elect health insurance coverage must pay a financial penalty. This is commonly referred to as the Individual Mandate component of the Act. Five of the justices agreed that, while President Obama has taken great care to stay clear of the word “tax” in his healthcare reform efforts, such a financial penalty may reasonably be characterized as a tax. While the “tax” versus “penalty” debate makes for good TV, it remains to be seen how relevant it is to the overall healthcare reform debate. Surely from now until the Presidential election in November, the Democrats’ position Continue reading »
in Bluemont Park (329 N. Manchester Street, Arlington, VA 22203). Registration opens at 8:30am and the walk begins at 9:30am.
To raise funds for the Animal Welfare League of Arlington.
Proceeds from this year’s event benefit all of the homeless pets in our shelter and all of the animals in our community. Every dollar counts.
What does my money go towards?
-> $25 will cover the cost of 1 heartworm test for a shelter dog
-> $50 for 4 shelter cats or dogs to be microchipped
-> $100 will cover the cost of 2 cat spays/neuters or 1 dog spay/neuter
PLEASE CLICK HERE to register to walk with the Aronson Nonprofit Ninjas or donate!
The Aronson Nonprofit Association Industry Services Group, a.k.a. the Nonprofit Ninjas are working on another fundraiser. We will be fundraising and participating as a team in the 17th Annual Walk for Animals to benefit the Animal Welfare League of Arlington. The walk is May 12th, dogs and people invited!
The money will help:
- $25 covers the cost of 1 heart-worm test for a shelter dog
- $50 covers the cost of 4 shelter cats or dogs being micro-chipped
- $100 covers the cost of 2 cat spays/neuters or 1 dog spay/neuter
The League provides temporary care and refuge for homeless and suffering animals and works to place them in suitable homes.
If you’d like to donate or join our team in the effort and be a nonprofit ninja, please click here!
A business owner’s hiring of a worker as an employee has real costs beyond the wages paid to the employee. Such costs range from hard costs (e.g., payroll taxes, unemployment, health and disability insurance, etc.) to costs such as compliance with the regulatory requirements of having an employee, along with the added administrative burdens of payroll and a human resource department. In a perceived cost savings measure, some business owners have been tempted to hire workers and treat them as independent contractors. Nonetheless, the decision to designate a worker an “independent contractor” as opposed to an “employee” is not one without consequences that demand careful Continue reading »
The it Award is open to any United States-based nonprofit with 10 or more employees and there is no fee to enter. You just need to tell them why your organization should be it.
You can apply here.
If you’ve looked at the application and have questions, join C.Fox Communications for a conference call Thursday, February 23, at 3 p.m. They’ll be answering questions and giving advice about completing the application. Please RSVP to Julia@cfoxcommunications.com.
Do you know an organization worthy of the award? Pass along these details, and feel free to reach out to C.Fox Communications at email@example.com with any questions during the application process.
Many businesses and individuals are experiencing cash flow difficulties in today’s economy. To ease the cash crunch, it may be tempting to delay payment of taxes in the hope that finances will improve soon. Unlike other creditors, the IRS moves relatively slowly, lulling the taxpayer into complacency. During this time, interest and penalties accrue which, in some situations, can even exceed the original tax due. When the IRS decides to act, they often file liens, levies, and other garnishments that can cause significant and sometimes permanent economic damage. In addition to these civil penalties and collection actions, the IRS can pursue criminal charges. The failure to truthfully account for or turn over taxes is a felony, with the potential of up to five years of jail time. This applies to all taxes under the Internal Revenue Code – income tax, payroll tax, gift tax, and excise tax, to name a few. Continue reading »
TODAY: With federal spending cuts and the economy in a pinch, Razoo.com has gone grassroots and organized a one-day fundraising event, Give to the Max, for the Greater Washington area. The goal is to raise awareness and get tens of thousands of individuals to support the nonprofit or cause of their choice with the hope of raising over $3 million within 24 hrs on November 9th.
Hundreds of regional nonprofits will compete for cash awards and matching grants offered throughout the day so that every donation made helps the organization’s chance to win even more money. Register your organization here: http://give2max.razoo.com/p/get-registered
Help spread the word and do some fundraising for your favorite participating nonprofit on November 9th! Go to Give to the Max or call 866-437-1952 to learn more.
The National Council of Nonprofits issued an email alert on advocacy matters that reports that Massachusetts Governor Duval Patrick signed a budget bill on October 27 that includes a $10 million salary reserve earmarked for nonprofit human service providers. As Forbes reports, this reserve will help some of the lowest paid direct-care providers that haven’t received any cost of living adjustments over the past three years.
And Massachusetts isn’t stopping there. On October 26, the state House voted 143 to 7 in favor of a bill that would allow nonprofit employees to participate in the state’s retirement savings plan. The National Council of Nonprofits points to the state’s own study showing that more than half of the nonprofits with budgets of $250,000 or less do not (and I suspect can’t) offer their employees any retirement benefits.
Coming on the heels of the survey results about current dissatisfaction of employees in the nonprofit sector and the high cost of low employee satisfaction, Massachusetts may be making a powerful and progressive step forward.
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- December 2012
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- June 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010
- June 2010
- May 2010
- April 2010
- March 2010
- February 2010
- January 2010
- December 2009
- November 2009
- October 2009
- September 2009
- August 2009