It is important that nonprofits remain compliant with all federal, as well as state or local statutes, at all times. Noncompliance is too risky for a nonprofit’s survival and capacity to fundraise. The following is a comprehensive checklist to ensure that your nonprofit organization is in good standing and operating efficiently.
Nonprofits with paid staff and contractors are required by the US Department of Labor, the IRS and most states to properly classify employees or face penalties. Make sure you follow all federal as well as state employment laws. File W-2 , W-4, I-9 forms, withhold tax, pay social security and medicare taxes.
By Franklin Asongwe