araize nonprofit accounting

Nonprofit W-2 Requirements: Nonprofit Payroll

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Nonprofit W-2 preparation is basically the same as for-profit businesses, but with some additional considerations based on the type of nonprofit you are. Like any other business, nonprofits and their employees are subject to payroll taxes even though 501(c)(3) charitable organizations are exempt from paying income taxes.

For more on the requirements for Year-End Nonprofit W-2 Preparation, read the blog post