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| Giving USA Update |
| Americans donated $306 billion in 2007 according to the Giving USA report released in July 2008. This was a one percent increase after inflation. |
| Date: 07-09-2008 |
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| IRS Posts Best Practices Guidance on Governance for NonProfits |
| The IRS recently posted a new document on its website that encourages best governance practices for 501(c)(3) organizations. This is a new but developing trend for the IRS as they have been encouraged to provide more oversight of nonprofit organizations. |
| Date: 02-28-2008 |
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| Welcome Letter |
| Welcome to our ECFA website. We are glad to have you and hope something here is useful for you. We greet people on this site at a rate of two million per year and are happy to be of service. |
| Date: 02-21-2008 |
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| IRS Provides Updated Guide on Taxation of Fringe Benefits |
| Almost all employers offer some type of fringe benefits to their employees. These can range from simple items such as a Christmas ham to more complex items such as the use of an employer provided vehicle or aircraft. |
| Date: 02-18-2008 |
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| Implementing an Internal Controls Framework |
| Internal controls are the procedures and practices we implement to help our organizations achieve their mission. They are the things we do to promote efficiency, reduce the risk of loss, help ensure our financial reports are accurate, and comply with laws and regulations. |
| Date: 02-16-2008 |
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| Could the New IRS Tattletale Form Affect Your Organization? |
| The Internal Revenue Service has developed a new form for employees who have been misclassified as independent contractors by an employer. Form 8919 Uncollected Social Security and Medicare Tax on Wages, will now be used to figure and report the employee’s share of uncollected social security and Medicare taxes due on their compensation. |
| Date: 02-13-2008 |
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