This pandemic year has brought incredible challenges for nonprofits, regardless of size, location, or type. With January around the corner and holiday parties missing from calendars, now is an ideal season to do the next best thing – plan well for nonprofit corporate governance! Here are some top legal compliance tips for directors of nonprofit boards. Now, that’s a gift worth giving!
As the COVID-19 pandemic continues, many people are still working from home. This arrangement raises important questions. May employees take advantage of tax breaks related to having a home office? Must the employer pay for the expenses of setting up a workspace at the employee’s home? What related information should employers and employees be aware of? Workers may be able to obtain tax deductions or tax-free reimbursements from their employer due to working at home, but they have to meet specific requirements as follows.
New York Attorney General Letitia James is aiming to dissolve the National Rifle Association of America (NRA) as a nonprofit tax-exempt organization. As this conflict proceeds, questions continue to surface about whether this effort is a bullseye, a misfire, or something in between. If successful, it will undoubtedly have a lasting impact on the nonprofit sector.