Charitable purposes Internal Revenue Service

Grants are typically awarded for specific projects or programs and may require the nonprofit to meet certain conditions or reporting requirements. One of the most compelling reasons donors choose to give to 501(c)(3) organizations is the tax deduction. Donors can...

A Step-by-Step Guide to Absorption Costing

These costs are not directly attributable to a specific piece of furniture but are necessary for the overall production process. Activity-based costing is a more refined cost allocation technique that assigns costs based on the activities performed to produce a...