Zen Mensch Accounting

A Midsummer Night’s Mensch
(Much Ado About Some Things)

Q: I file the IRS 990 information return for my non-profit.  Why does it ask me if my organization offers indoor tanning services? –Sunshine on my Mind, Anchorage A: It’s Obamacare, silly.  Section 10907 of the Affordable Care Act imposes a 10% penalty on indoor tanning services offered by for-profits or non-profits. (You didn’t notice all the
+ Read More

Zen Mensch Accounting

Not For Prophet:
Protect Your Mission With Best Practices

I love non-profits: the missions, dedication and eagerness to be of service.  Now you didn’t sign up as Executive Director to practice your accounting or legal skills, but without basic structure and controls the fruits of your labor can be washed away quickly.  The names and details have been changed in these examples: Years ago
+ Read More

So you want to start a non-profit

I Want to Form a Non-Profit
Part I: Are You Sure?

You have a charitable idea you and want to start a non-profit. Great! Aaronson Lavoie Streitfeld Diaz & Co., P.C. specializes in 501 (c) (3) applications, the most common form of tax-exemption. Before you plunge in, I have some questions for you. Can You Share Control?  501 (c) (3) organizations require a board of directors
+ Read More

1 2