Author name: Canvas Clinic

501c3 Nonprofit Organizations: Is my organization “charitable?” The Maryland People’s Law Library

There are many kinds of nonprofits – some are exempt from paying taxes, some are not. It is essential for both nonprofits and donors to understand these nuances to avoid misunderstandings regarding tax benefits. This knowledge will help prevent potential issues and ensure that donations are made with a clear understanding of their tax implications. […]

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Accounting vs bookkeeping: What’s the difference?

By leveraging modern bookkeeping techniques and software, businesses can streamline their bookkeeping processes, minimize errors, and gain a clearer understanding of their financial performance. However, navigating the complexities of bookkeeping requires diligence, attention to detail, and a commitment to accuracy. So, whether you’re a solopreneur or a growing enterprise, mastering the fundamentals of bookkeeping is

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