by Pentacle-nextSteps | May 1, 2024 | Taxes
Key Differences Between a Financial Audit & Financial Review A financial audit and review are two different types of financial assessments conducted by professionals to evaluate the accuracy and completeness of financial statements. The main difference between an...
by Pentacle-nextSteps | Apr 23, 2024 | Choose a Fiscal Sponsor
Determining the Right Fiscal Sponsorship for You To get a fiscal sponsor, you will need to identify potential fiscal sponsors that align with your mission and work. Below are some things to consider. Research potential fiscal sponsorsLook for organizations with a...
by Pentacle-nextSteps | May 22, 2023 | Register & Apply
Timeline and Steps Towards 501(c)3 Incorporation Incorporating as a 501(c)3 nonprofit organization can be a lengthy and complex process. Below is an outline of the general steps and timeline toward achieving non-profit status. We recommend working with a lawyer to...
by pennextsteps | May 19, 2022 | Taxes
Workers Classification in the Performing Arts: Why Does It Matter? NEXTSTEPS GUEST WRITER: STEFI GEORGE How You Classify Workers Can Make a Big Difference for Workers Compensation and Tax Considerations Workers classification and taxes are two big considerations when...
by Pentacle-nextSteps | Aug 20, 2021 | Build Your Startup, For 501(c)3 Arts Orgs, For Arts Administrators, Taxes
Employee vs. Independent Contractor What’s the difference between an employee and an independent contractor? The payment for an independent contractor is performance-based and is determined by the completion of the service they provide while an employee’s...