Welcome to our year-end issue of the NFP at Work newsletter. The end of the calendar year is generally a flurry of activity with a push to finish tasks and meet deadlines while balancing a reduced staffing level due to holiday activities. It is also a great time to assess your organization’s financial performance and take on mid-year projects.
NFP at Work – December 2016
Keeping You Up-To-Date With Information About Nonprofit Solutions
Nonprofits Have New 1099/1096 Filing Date for 2016 Forms
By: William Skody, Guest Author, President of Skody Scot & Company CPAs
The IRS has changed the date for filing 1099’s and t he related 1096 to January 31, 2017. This new filing date does not allow 1099 recipients to review their information prior to when the organization/s 1099’s are submitted to the IRS. Nonprofits that file the 1099 and the related 1096 have only 31 days to complete the task from closing out their books for December 31, 2016.
Tips & Tricks: Detailing Credit Card Transactions in Abila MIP
By: Net at Work Team
Reporting on total expenditures to vendors can be a challenge in MIP if you have a high volume of purchases on credit cards. There is a way to associate expenses to a particular vendor even if the payment was made on a credit card.