Governments across various countries let nonprofit organizations offer tax incentives as tax deductions, tax credit, etc for individuals who donate to charitable organizations. In the UK, Gift Aid allows charities to claim back the basic rate tax already paid on donations by the donor. In the US, the Charitable Contributions Deduction allows taxpayers to deduct contributions … [Read more...] about Nonprofit Tax Programs Around the World | EU | UK | US
It is no new information that COVID-19 is causing unprecedented economic damage globally. As countries are bracing the economic slowdown across the world, COVID-19 has caused many nonprofits to temporarily close doors, dramatically reduce and cut expenses, and even lay off their employees. Board members are having to make tough decisions with the direction of the … [Read more...] about CARES Act: How Can Your Nonprofit Take Advantage?