GTE Tax Blogs

Day 3: Tax-Exempt Status and 501(c)(3), Understanding Tax-Exempt Status for Nonprofits

Jun 29, 20233 min read

Day 3: Tax-Exempt Status and 501(c)(3), Understanding Tax-Exempt Status for Nonprofits

Understanding Tax-Exempt Status for Nonprofits: Tax-exempt status grants nonprofits the privilege of being exempt from paying federal income

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Day 2: Common Tax Deductions for Nonprofits

gallowaytax

Jun 27, 20233 min read

Day 2: Common Tax Deductions for Nonprofits

Did you know that nonprofits are eligible for several tax deductions? Explore common deductions that help nonprofits save money and support

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Day 1: Introduction to Nonprofit Tax Preparation: Importance of Proper Tax Preparation for Nonprofit

gallowaytax

Jun 26, 20233 min read

Day 1: Introduction to Nonprofit Tax Preparation: Importance of Proper Tax Preparation for Nonprofit

Welcome to our 21-day series on nonprofit tax preparation! Over the next few weeks, we will explore various aspects of tax preparation

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A Comprehensive Guide to Nonprofit Tax Compliance: Key Considerations for 501(c)(3) Organizations

gallowaytax

Jun 21, 20234 min read

A Comprehensive Guide to Nonprofit Tax Compliance: Key Considerations for 501(c)(3) Organizations

Ensure your 501(c)(3) organization's tax compliance with our comprehensive guide. Key considerations for nonprofit tax compliance explained.

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gallowaytax

May 9, 20233 min read

Tax Records: When To Dump

Taxpayers often question how long tax records must be kept and the amount of time the IRS has to audit a return after it is filed.

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gallowaytax

May 3, 20234 min read

Signs: You Need Bookkeeping Assistance

Handling day-to-day tasks yourself helps to save money. However, entrepreneurs risk multiple errors and need bookkeeping assistance.

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Save Time, Keystrokes with Recurring Transactions in QuickBooks Online

gallowaytax

Apr 30, 20233 min read

Save Time, Keystrokes with Recurring Transactions in QuickBooks Online

The last thing you need working with your company’s finances is a transaction that takes too much time.

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gallowaytax

Jan 3, 20232 min read

Nonprofit Form 990 Survey

Nonprofits we would like to know what you think concerning preparing and filing Form 990 and its complexities on how we can help you.

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gallowaytax

Nov 15, 20221 min read

Individual Due Dates for November 2022

Get the latest update on November 2022 Individual due dates that affect your income tax return such as reporting tips to employer for W-2.

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gallowaytax

Nov 15, 20221 min read

Business Due Dates for November 2022

November Business Due dates for 2022. Get Social Security, Medicare, Nonpayroll withheld income tax information.

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gallowaytax

Jul 29, 20223 min read

Look Out For IRS Form 1099-K

Effective for 2023 and later years, Congress reduced the threshold for the Form 1099-K filing requirement from $20,000 to a mere $600.

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gallowaytax

Jan 14, 20223 min read

Bookkeeping Habits - Time to Brush Up

Here are some of our top tips for small steps that will go a long way toward improving your bookkeeping and operations in 2022 and 2023.

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How to Manage Nonprofits' State Registration Requirements

gallowaytax

Jul 3, 20216 min read

How to Manage Nonprofits' State Registration Requirements

Find out the main state requirements for nonprofit charity organizations and avoid revocation by your organizations state.

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gallowaytax

Jul 1, 20211 min read

Electronic Filing Mandate for Form 990-EZ

IRS required electronic filing for Form 990-EZ. Information concerning nonprofit and IRS required tax return filing each year starting 2022.

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How to Lose Tax-Exempt Status Before You Get It

gallowaytax

Jun 23, 20212 min read

How to Lose Tax-Exempt Status Before You Get It

How to lose tax-exempt status before your nonprofit organization gets approved for it. Learn how to void IRS revocation.

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gallowaytax

Jun 15, 20212 min read

EO Update: e-News for Charities & Nonprofits - June 2021

Mandatory electronic filing for Form 4720 by Private Foundations.

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gallowaytax

Mar 2, 20210 min read

e-News for Charities & Nonprofits

2020 Form 990-T and instructions to file electronically through efile. IRS current update for filing Form 990-T.

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