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
Labyrinth and Harbor Compliance Are Now One!
Labyrinth, Inc. and Harbor Compliance are coming together to further serve the nonprofit sector. This move aligns our 32-year track record of expertise and client satisfaction with Harbor Compliance’s robust compliance software. Check out the most comprehensive compliance solution available to the nonprofit sector!