Sales and income tax for your nonprofit is FREE courtesy of Boss on a Budget
1 Lesson / 12 Minutes / FREE
Let’s talk about taxes for your nonprofit. Becoming a tax-exempt organization becomes confusing when you’re not sure which tax you’re exempt from. So in this video I’m talking about the key differences between sales and income tax so you understand your requirements as a nonprofit.
First I’m defining sales tax and income tax and then I’m talking about the forms you have to fill out to be exempt from those taxes, as well as the implications for your donors and your nonprofits.
