North Carolina Association of CPAs (NCACPA)’s Post

One thing I do each year is set a ‘Giving Goal’ for myself. It’s simple: I decide how much I want to donate and set it aside, just like I do for other parts of my budget. 💸 This year, I’m aiming to give across a few different organizations. It’s so easy to keep track—I just save receipts and make a note of each donation. When tax season rolls around, I have everything I need to get the tax deduction without the scramble. 🌍” #CharitableGiving #YearEndBudget #TaxTimeTips #GivingBack #FinancialGoals #2024Taxes #SimpleGiving

Business In A Minute: Importance of filing a 990 with the IRS With tax season just having closed for 2023, how did everything go for you? If you filed your 990, great! If you didn't, or want to know more about what a 990 is and why it's important, keep reading! A 990 form is an informational tax return that all non-profit organizations must file with the Internal Revenue Service (IRS) each year. This includes religious and charitable organizations, as well as educational and scientific institutions. Completing a 990 provides transparency to the public and potential donors about your organization's financial information. This can increase trust and credibility, ultimately leading to more donations. If you need a legal professional, I'm here to help. Set-up a discovery call and let's strategize about your nonprofit or small business! #thewrightlawyer #nonprofitlawyer #lawfornonprofits #charitylaw #legaladvice #socialgood #nonprofitorganization #taxlaw #nonprofitmatters

Is your donation page leaving money on the table? We've got the top 10 reasons why and how to fix them… https://hubs.ly/Q02FyTc10 Check out one of our most popular webinars for: ▪The best design tips ▪Common mistakes to avoid ▪How to encourage recurring gifts . . #NonprofitSuccess #NonprofitWebinar

When donating to charity, deciding between itemizing deductions or taking the standard deduction can impact your tax benefits. Review your donations and financial situation to choose the best approach for helping to maximize your tax benefits. https://hubs.li/Q02ZfrpY0 #CharitableGiving #TaxPlanning #FinancialTips #YearEndGiving #TaxDeductions

I know I'm not the only nerdy grant pro to do this, right? I'm on vacation earlier this month, visiting the Crazy Horse Memorial in the Black Hills of South Dakota. I hear they're a private foundation that is only funded by donations and doesn't accept public funds. So not only do I dig into their 990s, but I also sift through USAspending to figure out if they accepted Covid relief funding. Because something has to explain that huge jump in revenue in 2022. 😂 What, just me? Or do other folks also spend vacation time doing grant research? ...I really did try to take the whole week off. #grantmaking #grantseeking #grantfunding #grantopportunities #nonprofits #nonprofitfunding #grantmanagement

Did you know donations don’t always have to be in cash? In-kind contributions—like goods, services, or even volunteer time—can make a huge impact on your mission. From donated supplies to professional services, these contributions reduce costs and amplify your impact. 🙌 📽️ Watch the latest BudgetEase Bookkeeping Broadcast to learn how to record in-kind donations, set up QuickBooks, and streamline your financial reporting! Let’s make every contribution count. #NonProfitTips #InKindDonations #BudgetEaseBroadcast #BookkeepingForNonprofits #OutsourceBookkeepingServices #VirtualBookkeeper #QuickbooksSetupServices #BookkeepingCatchUpServices

Did you know donations don’t always have to be in cash? In-kind contributions—like goods, services, or even volunteer time—can make a huge impact on your mission. From donated supplies to professional services, these contributions reduce costs and amplify your impact. 🙌 📽️ Watch the latest BudgetEase Bookkeeping Broadcast to learn how to record in-kind donations, set up QuickBooks, and streamline your financial reporting! Let’s make every contribution count. #NonProfitTips #InKindDonations #BudgetEaseBroadcast #BookkeepingForNonprofits #OutsourceBookkeepingServices #VirtualBookkeeper #QuickbooksSetupServices #BookkeepingCatchUpServices

Planning to donate cash? This is what you must know- Qualified organizations will gladly accept your contribution, but make sure you keep proper documentation. For donations under $250, retain a receipt with the organization’s name, the amount, and the date of your gift—essential if the IRS needs verification. For contributions over $250, you’ll need an acknowledgment letter from the charity detailing the amount, date, and organization. If you received anything in return, its fair market value will be deducted from your donation amount. Stay organized for a hassle-free tax season! For tailored tax strategies, contact [email protected]. #taxdeductions #charitablegiving #donationreceipts #taxorganization #taxsavings #taxplanning #taxreturn #taxpreparation

🔄 Simplify your giving with eServices' Recurring Donation Management. Secure, reliable contributions that make a lasting impact. Discover how easy it is to get consistent support for your cause —visit eservicestech.com today! 🌐✨ #RecurringDonations #DonationManagement #eServices #eServicesTech #eServicesPaymentTechnology #NonprofitSupport 

😊 Seeing statistics like these fills us with hope. More than half of America values helping nonprofits like you! When looking to grow your funds, know you can reach out to people around you for donations and not feel like you're asking too much. People want to help. So do we! #NonprofitFinance #Bookkeeping #NonProfitBookkeeping #NonProfitOrganization #NonProfitFinancials #WhiteLotusBookkeeping #CharitableDonations