Finance Questions? Ask a Financial Expert for Answers ASAP
Thanks for your question, and thanks for using JustAnswer.com
How are you today?
A non profit organization has the same payroll reporting and tax rules as any other business.
So, you owe all the same payroll taxes.
the same as other business, no exception?
how about accounting?
Accounting is entirely different.
it's not a 501c3 organization.
Yes, but you still do non profit accounting
You will have to keep various asset classes separate
can I do a little bit more research and ask you more questions about this part?
Yes, you may. But if you would please rate my response as "excellent" so that I may receive credit for assisting you today
Thanks so much