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Nonprofit Observer – Spring 2018

Tax Cuts and Jobs Act — Planning can help your nonprofit minimize negative effects

The Tax Cuts and Jobs Act (TCJA) offers plenty for nonprofits to mull over and plan for. This article outlines how changes to the standard deduction and doubling of the estate tax exemption are expected to reduce charitable giving. It also covers the law’s effect on unrelated business income tax, executive compensation and tax-exempt bonds.

3 tips for achieving your mission more cost-effectively

Simple initiatives can make a big difference in how efficiently a nonprofit operates and delivers its programs and services. This article offers three ideas: 1) Monitor measures that matter; 2) orient your organization toward outcomes; and 3) engage entrepreneurial experts.

Have faith … but take precautions — Financial best practices for religious congregations

Without the oversight of tax authorities or outside auditors, leaders of churches, synagogues, mosques and other religious congregations may not be aware of all requirements to which they’re subject. This article covers such topics as employee classification, clergy wages, unrelated business income tax, lobbying and internal controls. A sidebar discusses the components of a comprehensive risk-reduction program.

Stop employee credit card abuse before it starts

Protecting your organization from credit card fraud and abuse is as easy as writing a credit card use policy and following it. This begins with the careful selection of staffers who will have card access and instructing them on its proper uses. Also, management oversight — including the review and approval of every transaction — is essential.