The Inflation Reduction Act (IRA), signed into law in August 2022, stands as a historic and comprehensive approach to advancing energy efficiency and green technology. Lauded as a significant stride forward, it offers tax credits for investments in energy-efficient technologies and materials, spurring around $500 billion in investments within a year. These investments have notably benefited underserved communities, often through nonprofit organizations. The IRA's tax credits, which incentivize energy-efficient investments, can potentially enhance nonprofits' missions. This article outlines the tax credits available for nonprofit organizations.

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Nonprofits are responsible for complying with federal and state wage-and-hours laws when it comes to tracking the time worked by both hourly and salaried workers. Additionally, funders may impose their own timekeeping practices, making it crucial for nonprofits to understand these obligations and implement effective practices. This article provides an overview of the necessary requirements and offers best practices to help ensure your nonprofit complies. 

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Planning and executing a successful fundraising event is a major accomplishment for any nonprofit, but don't forget about the tax reporting requirements that come with it. Keeping track of all your revenues and expenses and retaining related documentation to facilitate the reporting process later is essential. Learn why it is important to incorporate tax planning into the early stages of your preparations, as well as a few key issues to pay attention to when reporting.

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As a nonprofit leader, it is important to keep an eye on both external and internal factors affecting your organization. While macroeconomic signs may be concerning, it is critical not to overlook internal problems that could significantly impact your nonprofit's success. This article reviews four warning signs that nonprofit leaders should look for and take action on immediately.

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