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!

Friday, March 14, 2008

Do You Have Employees?

The you need the Exempt Employer's Toolkit from the IRS. All the info on payroll taxes (**spoiler alert** Nonprofits have to pay payroll taxes!) what documents you need to get from your employees. And if you have any consultants you work with there is guidance there to on how to report their earnings.

For the state regulations and rules I recommend the CA Chamber of Commerce's website, they have lots of nice worksheets and details on twhat the difference is between a consultant and an employee, exempt vs, nonexempt employees, etc.

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