BKC Pet Lovers paired their Pet Charity Collection for Associated Humane Societies with participation in Flemington Rotary’s 6/4/17 “Bark in the Park” dog walk event. It was a great day of fun, exercise and fellowship in Historic Downtown Flemington. All net proceeds of the event went to Rotary Charities and local animal rescue organizations. Donations for the Read More…
On April 26th, the White House announced the President’s Federal tax proposals, which include large reductions in corporate tax rates, flattening of the individual income tax brackets, and repeal of the estate and alternative minimum taxes. Here are some highlights: Individuals The current seven graduated tax brackets (ranging from 10% to 39.6%) would be replaced Read More…
Within the last couple of years, the IRS has made it much simpler for organizations to apply for Federal tax-exempt status by filing a Form 1023-EZ. To qualify for this short-form application, the organization must not have annual gross receipts in excess of $50,000 in any of the past three years or projected in any Read More…
By Lee Klumpp, CPA, CGMA There are many opinions on what the fiduciary responsibilities of nonprofit board members are. The National Council for Nonprofits discusses that boards should: a) Take care of the nonprofit by ensuring prudent use of all assets, including facility, people and goodwill; and provide oversight for all activities that advance the nonprofit’s Read More…
By Joan Vines, CPA The Internal Revenue Service (IRS) released proposed regulations that provide guidance for the nonqualified deferred compensation arrangements of tax-exempt organizations in June. The regulations, which have been anticipated by the industry since 2007, address the interplay between Internal Revenue Code Section 457 and Section 409A, which govern the nonqualified deferred compensation Read More…
The team at BKC wishes you peace, joy and prosperity for 2017. Thank you for your continued support and partnership. We hope you enjoy a beautiful holiday season, and good health and happiness this new year!
Just in time for “Giving Tuesday” we’ve concluded our holiday Food Drive to benefit the Flemington Area Food Pantry. Thank you to everyone who generously contributed!
ASSA/DRTRS tips/reminders for School Boards: Schools must maintain an “OFFICIAL NEW JERSEY SCHOOL REGISTER”. The register should be used to submit the data for NJSmart and ASSA. The NJSmart register is not an official register. If the NJSmart register is provided as the student register for ASSA purposes, we may ask for another register. School Read More…
Document retention for nonprofits (click here).
A warm thank you to everyone who donated coats & cold weather items in our Winter Coat Drive to benefit Hunterdon County residents in need, through the United Way of Hunterdon & Hunterdon County YMCA’s programs.
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