2019-2020 Treasurer: Andrea Carrara –
Please read the important
Financial Update about Taxes and Insurance.
MEMBERSHIP and INSURANCE:
- Membership dues are $5.10 per person, due no later than November 1st, 2019. ONLY include dues not paid online in TOTEM!
- Liability Insurance is $232.00 per unit (school) due November 1st, 2019
- Council Assessment remains at $25.00 per unit due November 1st, 2019
- District Assessment remains at $10.00 per unit due November 1st, 2019
- Workers Compensation Annual Payroll Report is due November 1st, 2019. Please make sure you write NO ONE PAID across the middle, and sign and date it. If you hired employees, mail the Report and the payment by Jan 5th, 2020.
* It is HIGHLY recommended that you send in membership dues weekly or bi-weekly starting in September and definitely send in whatever you receive by the end of the month. This makes it much easier for you to see that the money you have taken in for membership has been sent on to Council so you can balance your membership numbers with your income in a simple manner.
TAXES (fiscal year July 1, 2018 through June 30, 2019):
Link to Tax Forms and Resources
Federal Taxes (2019):
- Due November 15th but DO NOT wait that long. Paying a tax accountant is a legitimate use of PTA funds; make sure it is in your budget. The tax accountant’s most useful information will come from your Annual Report. Remember that membership dues you forward to Council, District, and State are NOT part of the Gross Receipts and should have a separate line item in your budget.
- Form 990: Gross (not net) Receipts $200,000+
- Form 990-EZ: Gross Receipts $50,000 – $199,999.99
- Form 990-N (postcard): Gross Receipts under $50,000 NOTE: It is strongly recommended to not pay a tax accountant to submit a 990-N because it is very simple and takes about a minute.
State Taxes (2019):
- Due November 15th also.
- Form 199: Gross Receipts $25,000+
- Form 199-N: Gross Receipts under $25,000