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August 30, 2016

Betty Isler, Tax Managing Director for the Tampa Bay office, published an article, Draw on the Crowd: How Not-for-Profits Can Take Advantage of Crowdfunding, in Nonprofit Information earlier this month.

In this article, Betty provides insight into how not-for-profit organizations can use crowdfunding for a number of organizational functions, from specific projects to broader causes and general support.

As not-for-profit organizations face new opportunities for receiving support from their community, the fastest growing resource comes from crowdfunding platforms. To help maximize the advantages under crowdfunding, Betty discusses five things to consider when determining how to use the crowdfunding tools:

  • Find the Right Fit
  • Be Descriptive and Project Results
  • Keep in Mind Crowdfunding Isn’t the Ultimate Solution
  • Broader Reach Means More Regulations
  • Other Additional Considerations
For questions regarding crowdfunding, please contact Betty Isler at bisler@cbiz.com or 727.572.1400. To view the full Nonprofit Information article, click here.



April 29, 2016

The healthcare and educational sectors brought renewed scrutiny to nonprofits’ unrelated business income activity in recent years. High rates of noncompliance in the IRS College and University Compliance Project Final Report and renewed focus on spending in the healthcare sector have regulators taking an especially close look at the issue of unrelated business income tax (UBIT).

The changing not-for-profit operating environment is making UBIT compliance risk greater than ever before. Betty Isler, Tampa Bay Managing Director, authors an article discussing main targets of UBIT scrutiny and why one should consider how the following could have an impact on an organization.

  • Digitized Form 990s
  • Website Risks
  • Banners
  • Merchandise
  • Merchant Affiliate Programs
  • Schedule K-1s

Scrutiny on UBIT is only increasing. To avoid penalties and other compliance risks with UBIT, nonprofits need to consistently revisit their sources of revenue and their reporting functions of those revenues. Consider carefully how each source of revenue contributes to the organization’s mission, and whether that activity still fits into the long-term strategic plan of the organization.

For more information about how to manage UBIT considerations, please contact Betty Isler at 727.572.1400 or bisler@cbiz.com.



September 14, 2015

The IRS is developing a technology solution that would streamline its ability to release digital copies of the Form 990 tax information filings. An announcement about the option comes from a U.S. district court ruling that ordered the IRS to produce digitally readable Forms 990 of nine organizations. Currently, the IRS releases digital copies of Forms 990 as image files.

A recent article by Tampa Bay Managing Director, Betty Isler, discusses how the new software would produce versions of the Forms 990 in the Metadata Exchange Format, also known as a machine-readable format and remove any personally identifiable information from the Form 990. It is slated for release in early 2016.

The announcement indicates the IRS is preparing to respond to more requests for Forms 990 in digitally readable files. Not-for-profit organizations should prepare for the demand as well. Digitally readable files make Forms 990 easier to aggregate, and allowing not-for-profits, the public, and other interested parties additional ways to compare not-for-profits to one another.

For more information about how these Form 990 developments could affect your organization, please contact Betty at bisler@cbiz.com or 727.572.1400.




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