0
A nonprofit company is not a company that doesn't make money. They do make money, in order to maintain the company, only that the money doesn't go for profit causes. That way the employees are still getting paid.
Wiki User
∙ 10y ago
Add your answer:
Earn +20 pts
Can you take some of your profits from your business to start a non profit business?
IF you are the rightful owner of the business you can take what you want from the business' profits as long as you follow all regulations and rules applied for the business. also the remaining profit must be able to pay any bills taxes employees etc...
Why did businesses pay employees low wages and make employees work long hours?
To make more profits for themselves.
Why is it a good idea for companies to do transfer pricing?
By doing transfer pricing, companies are able to reduce their overall contribution to the taxes they have to pay to their individual governments every year. This allows them to increase their profits and thereby either pay employees more or be able to expand.
Does an employer make employee pay their business tax?
Employees do the work that generates the profits which allow their employer to pay taxes. But you will not find a deduction on the employees pay stub which reads, this amount deducted from your pay to cover your employer's business tax.
Reason for not giving incentives to employees in recession?
The revenues and profits of companies have gone down due to the recession and hence they may not be able to afford incentives and fat pay hikes. that is why they haven't given them.
Do non-profits pay FICA?
Yes, nonprofits pay FICA and all other payroll related taxes.
How does a business pay its employees?
A business pays its employees out of their profits. If a business isn't doing well, they usually lay off some of their employees.
How do non profit organisations generate profit?
It's not they they are intended to not generate profits. It's that they don't generally pay taxes on their profits. Non profits generate income through a variety of sources including contributions, grants and program fees.
What is the objective of a financial report by a non-profit?
When you think of a "not-profit" organization think of that a largely a taxing status, a designation for tax purposes. The only real differences between non-profits and for-profits is that non-profits can have access to courses of funds (government grants and other funds, foundation and trust funds, etc) which the for for-profits don't. And the non-profit exists for some good cause like provide counseling services or education and training or save the whales or whatever. Bottom line though is that non-profits largely have the same concerns as for-profits. They too need to pay the rent, utilities, pay its employees, insurance, etc. etc. Additionally, non-profits have a board of directors it needs to answer too. This board has the responsibility to ensure the money is being spent to provide the products or services the organization is intended to provide. In order to do that they have to have a budget and hence a financial report to track where the money is coming from and going to so they don't over spend, so they can keep their doors open.
What do banks do with some of the profits they make by loaning out the money in their customers' savings accounts?
Pay interest on deposits, use it for their operational expenditure, to pay salaries to its employees etc. Pay interest on savings accounts
Do you have to pay to be on Fantage?
No, you do not have to pay to be able to play on Fantage as a non-member. You have to pay to be a member though.
How the manager to maintain the equilibrium between the needs of the organization and the needs of its employees?
In many ways the needs of an organization are the same as the needs of its employees. The ability to earn a profit as example is a need of the organization and helps fit the needs of employees to be paid properly. Thus profits and pay to employees are tied together. As an additional example, an organization needs to attract and retain employees to work in the organization. To do this, the organization must pay fairly and have good benefits to satisfy employee needs.
