What will tax reform mean for your non-profit?
The tax reform legislation passed by both the U.S. House of Representatives and the U.S. Senate earlier today will undoubtedly have a significant impact on the non-profit world. At this point it's difficult to say just what that impact will be. Some things to keep in mind:
Don't assume that you can continue to conduct "business as usual." Ignorance of new regulations is no excuse for errors.
Get expert help: ask attorneys and CPAs for professional advice -- and then follow that advice!
See this as an opportunity to question every aspect of your development/fundraising program. Talk with your donors about what you know, what you don't and, most importantly, about the donors plans for the year ahead.