CAPLAW Financial Management Online Toolkit
Access CAPLAW's memo "OMB Circular A-122 Cost Principles on Compensation."
The sample plan from the U.S. Department of Education includes a clear explanation of which costs are allocated and illustrates allocation methods appropriate for different situations. Within the framework of the sample plan, you can describe the allocation methods that you will use for your organization. The key issue is being sure that you keep your plan simple enough that you'll be able to follow it consistently.
A summary of common grant audit issues from the U.S. Environmental Protection Agency.
The Internal Revenue Service offers a free Web-based version of its popular exempt organizations Workshop covering tax compliance issues confronted by small and mid-sized tax exempt organizations.
Stay Exempt - Tax Basics for 501(c)(3)s consists of five interactive modules on tax compliance topics for exempt organizations:
- Tax-Exempt Status - How you keep your 501(c)(3) exempt?
- Unrelated Business Income - Does your organization generate taxable income?
- Employment Issues - How should you treat your workers for tax purposes?
- Form 990 - Would you like to file an error-free return?
- Required Disclosures - To whom do you have to show your records?
Users can complete the modules in any order and repeat them as many times they like. The online training website does not require registration and its visitors will remain anonymous.
Stay on top of new IRS developments affecting exempt organizations, subscribe to Exempt Organization Update, the IRS's periodic electronic newsletter for tax-exempt organizations.
