CAN's finance and accounting programs are designed to to measurably improve the accuracy, consistency and clarity of financial reporting, thus reducing time and financial costs and improving accountability and public trust in California's nonprofit sector.

Another goal of this program is to promote a dialog and create a community of nonprofit finance professionals so please post questions and comments!

Tuesday, December 18, 2007

Earned Income Tax Credit Notification

California Employers will have a many new laws come January 1st, 2008, but here is one in particular worth noting. Starting in 2008 employers are required to let employees know about the Earned Income Tax Credit. You must provide notification to your employees by either handing it directly to your employee or mailing it to your employee's last known address. Posting of this information on an employee bulletin board will not satisfy the notification requirement.

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