More about Kelsey Vatsaas
Blog Posts by Kelsey Vatsaas:
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Exciting New Uniform Guidance Changes Ahead
OMB is rolling out new changes to the Uniform Guidance. Review some quick highlights.
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EPA Announces $20 Billion in Clean Energy Grants to Selected Nonprofits
The Environmental Protection Agency selected eight nonprofit organizations to help distribute grant money to support and advance clean energy projects.
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A Quick Review of Rules for Political and Lobbying Activities
Special thanks to Lisa Ryssel, who contributed significantly to this blog. Organizations that are tax-exempt pursuant to IRC Section 501(c)(3) must comply with IRS rules and regulations regarding political and lobbying activities. Understanding these rules can help nonprofits safeguard their tax benefits and promote transparency while addressing ethical considerations and mitigating reputational and legal risks. […]
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Who Should Consider the IRS ERC Voluntary Disclosure Program?
Program available for organizations to repay ERC claims for which they were not eligible.
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Proposed Legislation Could Impact Nonprofit ERC Filings
Legislation released by the House Ways and Means Committee yesterday, 1/16/24, proposes a number of changes – notably a provision that would end ERC filing substantially earlier than the initial deadline. This would limit the ability for nonprofits who have not yet filed to claim the credit. Under this proposal, all claims (2020 and 2021 […]
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Nonprofits can now register Inflation Reduction Act tax credits
New IRA portal to register projects for “green energy” credits now available.
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IRS Announcement re: ERC Processing Pause
News about the IRS pause of processing ERC claims has created a lot of confusion and questions. Check out this simple post about what this likely means for your nonprofit.
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ERC – New Information and Hot Topics for Nonprofits
IRS release of a memorandum addressing supply chain shut-down eligibility for ERC, as well as other nonprofit ERC hot topics
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Employee Retention Credits – Not Another SPAM Call
Nonprofit FAQs on Employee Retention Credits and links to a few upcoming sessions we are excited to be part of to share more.
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Looking Back and Skipping Forward: A 2022 Reflection
Looking back on 2022 through our new 2023 eyes, what were the themes and trends in the nonprofit industry, and what might we expect for 2023?