The core of Blue Fox’s philosophy is the synergy between technology and humanity – that’s why our tagline is Agile Accounting for Impact. We serve our clients with the best solutions and virtual tools to run their nonprofit organization’s back office with efficiency and excellence.

We listen to the nonprofit buzz every day and understand that tax compliance is a major pain point for many organizations. Queue a new #foxtastic partnership with Avalara. 

The team at Avalara lives and breathes tax compliance so your nonprofit can sit back and relax without having to be a tax expert in every state [especially with donors living all over]. Even better, their platform automates the major steps of tax compliance — all in the cloud. 

There are so many misconceptions about tax compliance in the nonprofit space. Here are three major areas of confusion: 

• Which nonprofit organizations are exempt from paying sales tax?
• How do nonprofits prove they’re tax-exempt?
• Can nonprofits be audited for sales tax compliance?​

Avalara answers all of these questions in their Nonprofits and sales tax questions answered whitepaper. 

So, why did our team at Blue Fox partner with Avalara? That’s simple: their services take care of nonprofits by limiting tax risk and building efficiency through automation and integration with Quickbooks.
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If you’re interested in learning more, let us introduce you to the tax experts at Avalara. Send us an email at [email protected] email. 

Want to learn more about who benefits from sales tax automation and how it can save time and money? Check out the free guide below with answers to your most important sales tax automation questions.

If you’re like us, your daily inbox is jam-packed with newsletters and educational opportunities from like-minded social impact leaders. These spectacular humans work around the clock to foster positive change in their communities. Then, somehow, find time to share their story with fellow nonprofit enthusiasts. We tip our hat to them!
 
Here are just a handful of our favorite nonprofit resources this month:

(Online Class) Be an Effective Board Member (Required to Create Free Account)

(eBook) 10 Ways to Diversify Your Nonprofit’s Fundraising Efforts and Raise More

(Article) Trends in 2021 Corporate Partnerships and CSR

(Webinars) Bloomerang’s Upcoming Webinar Series

(Article) 32 Nonprofit Leaders Who Will Impact the World in 2021

Thanks for stopping by to read our picks for top nonprofit news this month! If you’re interested in hearing more from us, subscribe to our newsletter today!
 
About Blue Fox: Our team provides customized, boutique financial and back office services for social impact organizations. Services range from standard bookkeeping and payroll services, to coaching and consulting, to comprehensive virtual CFO services. Our mission is to disrupt the traditional accounting model through technology, innovation, and a radically client-focused approach that truly empowers nonprofits and social enterprises. For more information call (321) 233-3311, email [email protected], and visit www.YourBlueFox.com. 

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Here’s a tax legislation win-win!
 
If you have student loans, your employer now has the opportunity to provide repayment assistance through 2025 tax-free. Let’s say that again: tax-free!
 
An article published by SHRM explains: “The Consolidated Appropriations Act, 2021 (CAA), signed into law by President Donald Trump on Dec. 27 extends for five years COVID-19 relief that allows employer-provided student loan repayment as a tax-free benefit to employees under Section 127 of the Internal Revenue Code. Through 2025, employers can continue to make contributions of up to $5,250 per employee annually toward eligible education expenses, like tuition or student loan assistance, without raising the employee's gross taxable income.”
 
SHRM calculates that only 8% of employers provide loan assistance. This legislation aims to improve that number to make a dent in our nation’s student loan debt crisis.
 
Chatrane Birbal, vice president for public policy at SHRM said, "This benefit will provide some relief to employees who are currently repaying student loan debt and also gives employers more flexibility in the design of benefit offerings for recruitment and retention purposes."
 
Let’s spread the word and keep our fingers crossed that more employers recognize the win-win benefits of offering tuition repayment assistance now, through 2025 and beyond.