Please use the NEW Remittance Form whenever you turn in money. This ensures that the money you turn in is properly credited to the right accounting line at Council and District. You can send your form/check in a sealed envelope to the Council Treasurer’s address on the form or use LUSD Inter-District Mail and send [...]
Filed under: Financial on September 21st, 2009 | No Comments »
Federal Taxes
Although PTA is an organization that operates in the public trust, it must comply with all tax requirements as prescribed for its nonprofit status. As a result, PTAs may be required to file federal tax returns depending on their gross receipts (see below).
New Tax Filing Requirements
The new Form 990 series returns are effective for [...]
Filed under: Financial on July 21st, 2009 | No Comments »
If you haven’t already, it is time for your Unit Executive Board President to appoint the chair and members of the Budget Committee. Committee members will solicit information from and assess the needs of VPs and other committees in the unit. This information will be used to formulate a budget for the year. The budget [...]
Filed under: Financial on July 15th, 2009 | No Comments »
Year End Audits are due now to the Council Auditor. It is a PTA requirement to audit the books twice a year, mid-year in January and at the end of the fiscal year in June/July. Please bring two copies of your audit to a Council Meeting or send to the Council Auditor directly.
Filed under: Financial on July 15th, 2009 | No Comments »