Oddly Passionate About Nonprofit Accounting
From the IRS’s Website:
The Internal Revenue Service today issued the 2010 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.
Beginning on Jan. 1, 2010, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be:
50 cents [...]
Here are even more nonprofit accounting and financial questions that have come to from and from my workshops and my answers.
Question – California’s RRF-1
Are there any income minimums for filling out the California Attorney General’s Registration / Renewal Fee Report (RRF-1 form)?
Answer – No, but the fees charged vary based on the organization overall [...]
Here are some more nonprofit accounting and financial questions that have come to from and from my workshops and my answers.
Question – Should the donor know?
I am curious to know if FASB 116 or FASB 117 prohibit the use of endowment as collateral against a line of credit without donor’s acknowledgment or knowledge of [...]
