Non-profit Payroll Requires Skill and Education
Non-profit organizations are unique not only for the services they provide, but also in how their payroll and IRS filings are managed. There are many state and federal laws and regulations concerning employee records that can be confusing and sometimes contradictory. Non-profits can quickly find themselves on the wrong end of dealing with the IRS due to mistakes in filing necessary paperwork and employee payroll. In addition, certain regulations apply only to non-profit organizations and not to for-profit companies. PayrollonaBudget.com is knowledgeable and effective in processing non-profit payroll.
What Are the Dangers of Non-profit Payroll?
- Late filings
- Improper employee withholding amounts
- Missed payments
- Severe penalties and fines
Who Is Affected by Non-profit Payroll Mistakes?
- Employees
- Board of directors
- Recipients of organization’s services
How Can PayrollonaBudget.com Help?
- Maintain accuracy of information when compiling various periodic IRS filings
- Complete and send required IRS forms in a timely manner to avoid penalty
- Dedicate staff to organization’s payroll
- Provide monthly payroll reports to organization
To avoid inadvertent problems with the IRS and open the organization up to questions regarding accounting practices, non-profits are best-served by utilizing a qualified payroll outsourcing company with *CPAs on staff like PayrollonaBudget.com. This measure of security virtually eliminates oversight errors and gives the organization and its board of directors peace of mind.
*PayrollonaBudget is not a CPA firm