Everything Your Business Needs To Know
As a nonprofit, your mission is your priority. However, if you’re like most nonprofits, you’ve likely noticed there are a lot of other things to worry about to keep your organization operating smoothly. One of the more important tasks to keep up with is running payroll. Just like for-profit businesses, there are several steps you need to take to ensure you properly pay your team, withhold and file payroll taxes, and submit annual returns. These nonprofit payroll tasks can be daunting and trip up even the most seasoned professionals.
To help you navigate the unique payroll challenges you face as a nonprofit, we’ll break down everything you need to know to stay in compliance, including:
- Nonprofit payroll taxes and withholdings
- Minimum wage and overtime
- Paying board members and officers
- Volunteers
- Using grant money for payroll expenses
- Annual reporting
After reading our guide to nonprofit payroll, you’ll know how to set up accurate and compliant payroll so you can focus more of your time and energy on what matters most