Zinner & Co. is pleased to support Accelerate, an event being held by long-time Zinner client, The Cleveland Leadership Center.
Zinner & Co. Blog and Newsroom
The nature of charitable giving has changed, and there are four primary reasons for this:
- Technology has made it not only easier to give to charities, but to know about charities and how efficiently they perform.
- Changes in the U.S. tax code have created a disincentive for giving, especially for those who gave strictly for purposes of a tax deduction.
- The rise of Donor Advised Funds (DAF) has made it easier for donors to contribute meaningfully to a cause.
- Concerns for transparency and organizational efficiency have driven the need for increased disclosure and external oversight.
One of the most difficult aspects of managing a Non-Profit is putting on successful fundraising events. Most fundraisers take months to plan and trying to get sponsors is always a last-minute scramble.
IRS Issues Guidance on Parking Expenses for Non-Profit Organizations
In Notice 2018-99, the IRS issued interim guidance on an issue that has vexed not-for-profit organizations since the passage of the Tax Cuts and Jobs Act (TCJA) in December of 2017. Under the TCJA, the payment of Qualified Transportation Fringes (QTFs) by not-for-profit organizations falls under unrelated business taxable income (UBTI) and is subject to a tax of 21%.