Jacobson Jarvis provides financial and accounting services to all kinds of different not-for-profit organizations, from radio stations to childcare centers and more. Our clients in health care services are some of the hardest working organizations ar...Read More
Tax Cuts & Jobs Act (PL115-97) changed IRS rules on excess tax-exempt organization executive compensation.
Before the new Jobs Act, the IRS had reasonableness requirements and a prohibition against private inurement with respect to executive compensation, but no excise tax tied to the amount of compensation paid. Starting in 2018, nonprofits are subject to a 21% excise tax on an organization's “covere...Read More
“I’m on a board of a nonprofit and I run a marketing business. Can I charge the organization for flyers that I design?” “I’m on two arts nonprofit boards. One nonprofit is applying for a grant, and I think the other nonprofit could be eligible for the same grant. Ca...Read More