Nonprofit News Roundup

News StandIn case you missed any of these:

Here is a NY Times Op Ed that says businesses should be more nonprofit-like.

Need tech stuff?  Have you tried TechSoup yet?  You should check them out and read about these seven solutions for (at least) seven tech challenges.

There are two news pieces from the U.S. Government Accountability Office regarding nonprofits.  The first talks about improving the accuracy that donors report charitable gifts on their tax forms.  The other focuses on where federal dollars received by nonprofits go.

The last paragraph of the second piece has some pretty large implications I think, as it implies that they have trouble collecting data about where the money is going.  Click through to the full report to read more on the data collection issues.  I hope this is something that the GAO will push to be fixed because if the Feds are not getting good information about how the money is being used it might possibly result in less money being available.

Changes in COBRA benefits

The good people at the IRS have put together some information on the latest changes that effect COBRA. In addition, the page site contains a revised version of the quarterly payroll tax return (form 941) that employers will use to claim credit for the COBRA medical premiums they pay for their former employees.

Under the new law, eligible former employees, enrolled in their employer’s health plan at the time they lost their jobs, are required to pay only 35 percent of the cost of COBRA coverage. Employers must treat the 35 percent payment by eligible former employees as full payment, but the employers are entitled to a credit for the other 65 percent of the COBRA cost on their payroll tax return.

Never heard of COBRA?  Then you have either never left a job or are not in HR.  Click the IRS like above to learn more about it.

For more information related to the American Recovery and Reinvestment Act of 2009, including the new payroll tax withholding tables, click here.

One response to “Nonprofit News Roundup

  1. Pingback: Nonprofit News Roundup | Not-For-Profit Accounting

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