by Seton_Tethos | Dec 12, 2012 | Uncategorized
If you are a Church, Temple or Synagogue, AND, you are leasing your premises, you be able to utilize the property tax exemption entitled to Churches pursuant to Section 2602 of the California Revenue and Taxation Code. In a nutshell, this code states that,...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
Charities have so much to be careful. If I asked who owns the assets of the charity, you might say “Noone”! and you would be right! That being said, since there is no ownership of assets, the directors of a charity are the custodians of a charity assets...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
The issue of US Charities supporting activities that further the charitable purposes of the US Charity is quite a complex topic and one that must be carefully tread to not violate the many rules and regulations in this area. Suffice is to say, that while this blog...
by Seton_Tethos | Dec 12, 2012 | Uncategorized
In Revenue Ruling 72,560, the IRS justifies the lawfulness of charities “selling recycled” materials which led to partial funding for the Charity in question. You might say to yourself, “I thought the IRS taxed business activities! Didn’t they...
by Seton_Tethos | Apr 18, 2012 | Uncategorized
Whether the general public knows it or not, Toms Shoes, yes, the famous Toms Shoes, is a not a nonprofit organization. In fact, it is a for profit enterprise that makes millions of dollars for its shareholders. Some of you who are interested in “cause marketing” and...
by Seton_Tethos | Apr 8, 2012 | Uncategorized
Charities who raise funds online may be wondering what legal obligations they have, amongst all the other concerns that they have in terms of raising funds. Why this might make matters more challenging; understanding the legal do’s and dont’s might make a life a...
A Step In The Right Direction For The Excise Tax
Y Combinator: Inspiring Social Enterprise