Small Employer Health Credit

The link to the article below was published on the National Council of NonProfits’ website.  It contains lots of facts about the Small Employer Health Credit and how to claim the credit, which is applicable to both for-profit and nonprofit entities with 25 or fewer full time employees.

Small Employer Health Credit

If you have questions about this credit or need assistance in claiming it, contact Schutte & Hilgendorf, a full service CPA firm, providing auditing, accounting and tax services for individuals, small businesses, non-profits and homeowners associations throughout Yavapai County and Northern Arizona. Call us at 928-778-0079 or email info@prescottaccountants.com

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Arizona Non-profit (Tax-Exempt) Organizations-Registrations and Reporting Requirements

The attached article was written by John E. McEnroe, Jr. and was such a great summary of steps that every Non-Profit should follow, we thought we’d give John credit here and share the article on our website.  We found the article when searching for information on the little-mentioned topic of Non-Profit Arizona Registration with the Arizona Secretary of State.

We have observed that many of our non-profit charitable clients are not aware of the registration requirement with the AZ Secretary of State before accepting any charitable donations.  Many Non-Profits feel that receiving the IRS determination letter for a 501(c)(3),  incorporating through the AZ Corporate Commission, and registering with the AZ Department of Revenue satisfies all setup requirements.  Apparently, not so. This doesn’t seem to be widely enforced by the Secretary.    An annual renewal is also required every September.  Although free, if filed late, there is a $25 fee.

Click on the link below for a copy of the very informative Non-Profit Registration and Reporting Requirements article:

NPO Registration and Reporting_2010

Click here for a link to the Registration Form for the AZ Secretary of State:

SOS Reg Form

Please call Schutte & Hilgendorf, CPAs with any questions related to this article or any non-profit related audit, accounting or tax question.  Schutte & Hilgendorf is a Prescott CPA firm specializing in providing audit, tax and accounting services to non-profits, for-profits, and homeowners associations.  We also provide tax planning and preparation, bookkeeping, and QuickBooks consulting to individuals and small businesses.  We service the greater Yavapai County and Northern Arizona Region.  Call us at 928-778-0079 with any of your accounting, auditing or tax needs.  Check the rest of our website for constant updates at www. prescottaccountants.com

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Exempt Organizations Annual Reporting Requirements – Annual Electronic Notice (Form 990-N) for Small Organizations: Information Reported

From www.irs.gov

Exempt Organizations Annual Reporting Requirements – Annual Electronic Notice (Form 990-N) for Small Organizations: Information Reported
 
What information do I need to provide on the e-Postcard?

The e-Postcard is easy to complete. All you need is the following information:

  • Organization’s legal name –
    • An organization’s legal name is the organization’s name as it appears in the certificate of incorporation or the organization’s application for Federal tax-exempt status, unless a request was previously submitted to the IRS to have the name officially changed.
  • Any other names your organization uses – If the organization is known by or uses other names to refer to the organization as a whole (and not to its programs and activities), commonly referred to as Doing-Business-As (DBA) names, they should be listed.
  • Organization’s mailing address – The mailing address is the current mailing address used by the organization.
  • Organization’s website address (if you have one).
  • Organization’s employer identification number (EIN) –
    • Every tax-exempt organization must have an EIN, sometimes referred to as a Taxpayer Identification Number (TIN), even if it does not have employees. The EIN is a unique number that identifies the organization to the Internal Revenue Service. Your organization would have acquired an EIN by filing a Form SS-4 prior to requesting tax-exemption.  The EIN is a 9-digit number and the format of the number is NN-NNNNNNN (for example:  00-1234567). 
    • If you do not know your EIN, you may be able to find it on the organization’s bank statement, application for Federal tax-exempt status, or prior year return.
    • Please note that the EIN is not your tax-exempt number.  That term generally refers to a number assigned by a state agency that identifies organizations as exempt from state sales and use taxes.
    • If you do not have an EIN, see the Instructions for Form SS-4 for different ways to apply for an EIN.  DO NOT use the EIN of a parent or other organization.
  • Name and address of a principal officer of your organization –
    • Usually president, vice president, secretary, or treasurer – often specified in the organization’s by-laws.
  • Organization’s annual tax year –
    • Like any taxpayer, exempt organizations must keep books and reports and file returns based on an annual accounting period called a tax year.  A tax year is usually 12 consecutive months that can be either calendar year or fiscal year and is often specified in the organization’s by-laws.
  • Answers to the following questions:

Page Last Reviewed or Updated: September 21, 2011

  

Schutte & Hilgendorf, CPAs, a Prescott accounting firm, specializes in auditing, accounting and tax preparation and planning for non-profit Organizations throughout Yavapai County and Northern Ariziona.  Should you need assistance with filing a non-profit information return (990) or notecard, please call us at 928-778-0079.  We can e-file 990-e postcards (990-N) for you from our office for a nominal fee.  Call us today!

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