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gallowaytax
Jun 29, 20233 min read
Day 3: Tax-Exempt Status and 501(c)(3), Understanding Tax-Exempt Status for Nonprofits
Understanding Tax-Exempt Status for Nonprofits: Tax-exempt status grants nonprofits the privilege of being exempt from paying federal income
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gallowaytax
Jun 27, 20233 min read
Day 2: Common Tax Deductions for Nonprofits
Did you know that nonprofits are eligible for several tax deductions? Explore common deductions that help nonprofits save money and support
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gallowaytax
Jun 26, 20233 min read
Day 1: Introduction to Nonprofit Tax Preparation: Importance of Proper Tax Preparation for Nonprofit
Welcome to our 21-day series on nonprofit tax preparation! Over the next few weeks, we will explore various aspects of tax preparation
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gallowaytax
Jun 21, 20234 min read
A Comprehensive Guide to Nonprofit Tax Compliance: Key Considerations for 501(c)(3) Organizations
Ensure your 501(c)(3) organization's tax compliance with our comprehensive guide. Key considerations for nonprofit tax compliance explained.
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gallowaytax
May 9, 20233 min read
Tax Records: When To Dump
Taxpayers often question how long tax records must be kept and the amount of time the IRS has to audit a return after it is filed.
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gallowaytax
May 3, 20234 min read
Signs: You Need Bookkeeping Assistance
Handling day-to-day tasks yourself helps to save money. However, entrepreneurs risk multiple errors and need bookkeeping assistance.
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gallowaytax
Apr 30, 20233 min read
Save Time, Keystrokes with Recurring Transactions in QuickBooks Online
The last thing you need working with your company’s finances is a transaction that takes too much time.
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gallowaytax
Jan 3, 20232 min read
Nonprofit Form 990 Survey
Nonprofits we would like to know what you think concerning preparing and filing Form 990 and its complexities on how we can help you.
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gallowaytax
Nov 15, 20221 min read
Individual Due Dates for November 2022
Get the latest update on November 2022 Individual due dates that affect your income tax return such as reporting tips to employer for W-2.
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gallowaytax
Nov 15, 20221 min read
Business Due Dates for November 2022
November Business Due dates for 2022. Get Social Security, Medicare, Nonpayroll withheld income tax information.
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gallowaytax
Jul 29, 20223 min read
Look Out For IRS Form 1099-K
Effective for 2023 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600.
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gallowaytax
Jan 14, 20223 min read
Bookkeeping Habits - Time to Brush Up
Here are some of our top tips for small steps that will go a long way toward improving your bookkeeping and operations in 2022 and 2023.
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gallowaytax
Jul 3, 20216 min read
How to Manage Nonprofits' State Registration Requirements
Find out the main state requirements for nonprofit charity organizations and avoid revocation by your organizations state.
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gallowaytax
Jul 1, 20211 min read
Electronic Filing Mandate for Form 990-EZ
IRS required electronic filing for Form 990-EZ. Information concerning nonprofit and IRS required tax return filing each year starting 2022.
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gallowaytax
Jun 23, 20212 min read
How to Lose Tax-Exempt Status Before You Get It
How to lose tax-exempt status before your nonprofit organization gets approved for it. Learn how to void IRS revocation.
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gallowaytax
Jun 15, 20212 min read
EO Update: e-News for Charities & Nonprofits - June 2021
Mandatory electronic filing for Form 4720 by Private Foundations.
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gallowaytax
Mar 2, 20210 min read
e-News for Charities & Nonprofits
2020 Form 990-T and instructions to file electronically through efile. IRS current update for filing Form 990-T.
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