The holiday season brings a welcome increase in generosity, and many nonprofits and churches see a significant rise in contributions during this time. While this support helps you carry out your mission, it also creates additional administrative and compliance responsibilities. Understanding how to process, record, and acknowledge seasonal gifts protects both your organization and your donors. With a few steady practices in place, you can move through the holidays with confidence and start the new year on solid ground.

When the IRS instituted annual reporting requirements for non-profit organizations, you might have thought they were bringing the famous Oscar Wilde quote ("No good deed goes unpunished") to fruition. While the need to track the progress of 501(c) organizations may cause some headaches, it can be a timely opportunity to effectively review the goals of the mission and ensure that good governance practices are in place. Here’s everything non-profit managers need to know to prepare for tax season.