Tax Compliance for Nonprofit Event Fundraising [INFOGRAPHIC]

Posted by Ian Lauth on Dec 2, 2015 7:57:00 AM

Tax-Compliance-Infographic-MAIN.jpg

Click here to view the infographic →

You've got enough on your plate with planning your upcoming charity auction, so it's easy to forget some of the tax and compliance standards that are required to run a legitimate fundraising event in your state. Such standards include charitable solicitation registration requirements, special event insurance, documentation for each transaction, accounting requirements and even specific regulations regarding sales tax.

The following infographic lays out a few of the key items to bear in mind as you plan your next charity auction event. These are only a high-level overview of regulation and compliance issues that you may encounter with your fundraising event, so be sure to work with a tax, accounting, and compliance expert that can provide guidance for the requirements in your region.

Please note that the information in the following infographic is provided as general guidelines. Contact a tax or accounting professional for an official opinion on the regulation requirements for your nonprofit organization.

Read More

Topics: event-production, event fundraising, infographic, nonprofit tax compliance

Donation Give-Away

Free Silent Auction Bid Sheet Templates
Download a list of our Top10 Best Selling Experiences

Posts by Topic

see all
winspire-twins-blog

Meet Winston & Winnie, the Winspire Twins

Winston & Winnie love to help Nonprofits raise money for amazing causes. They also love to travel and have a bucket list of amazing Experiences they are determined to complete in their lifetime. Winspire News is the result of this shared passion, offering fundraising advice, industry news and insight into charity fundraising with travel.