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Your PSLF Payroll & Maintenance

On Autopilot.


Make the World a Better Place and Get Your Student Loans Erased

Payroll is often the biggest pain point for any small business, and state agencies are only making it harder every year. We have worked with dozens of PSLF customers to roll out a 20-minute on-boarding process. Let us manage payroll for you, so you can focus on your practice and personal life!

One resource. 3 elements.

Dozens of pain points of managing your nonprofit, solved.

Element #1: Full-Service Payroll w/ Related Taxes & Filings

Get Paid to Qualify for PSLF and avoid tax confusion

  • Unlike Square or any other provider, Hands-Free 501(c)3 is designed for the PSLF program. Our payroll app puts the power in your hands in about 30 seconds per month.
  • We handle it all: Unemployment number, IRS forms, pay stubs, quarterly tax payments, end-of-year W-2's and 940/941's. Scroll down to FAQ's for details.

Element #2: Board Management Support 

No-Hassle - Only the Features You Need for PSLF

  • Annual Board Meeting & Management Support. Choose Board Management Training, or we'll facilitate & document your required Annual Board Meeting live, via video link.
  • Corporate Governance Documents Package with pre-written, pre-formatted templates keep you in your practice and off your laptop.

Element #3: State & Federal Compliance

Year-Round Maintenance, on a Schedule

  • We’re here to help keep you focused on YOUR goals, by managing all required maintenance & compliance for you.

  • We'll file your Annual 990 "Tax Return"  as well as your State Periodic Report (due date varies by state)  and other requireed filings (scroll to FAQ for details).
  • You'll Have Peace of Mind by providing a growing Knowledge Database and FAQ to answer most questions about Compliance and Maintenance of your nonprofit. 

Mark Leonard  TV Producer and Nonprofit Founder

"I've worked in large nonprofit operations...and I know what I'm good at and what I need help with - and I knew to call InstantNonprofit."

Designed with PSLF in mind.


The Student Loan Eraser has teamed up with the team at Instant Nonprofit to make it easier than ever to keep your nonprofit compliant for the long-term. This package was designed exclusively for Student Loan Eraser clients to make it even easier for you to focus on making a difference in your community and providing the highest quality service for your patients - without the nagging feeling that something is going to come back and bite you, such as:

  • Second guessing whether some obscure detail has been overlooked
  • Weeding through repetitive government filings, not knowing which apply to you 
  • Battling the “phone robot” at bureaucratic agencies just to ask a simple question 
  • Paying lawyers, accountants or bookkeepers exorbitant fees to manage your organization 
  • Realizing, after the fact, that your entity or tax status has been fined or revoked for noncompliance

You’re here to make the world a better place, and get your student loans ERASED! We’re here to help keep you focused on YOUR goals, by taking all of the other nonprofit maintenance and compliance burdens off your shoulders over the next several years. 

 

We have served thousands of 501(C)(3) customers over the past 5 years, and our surveys have revealed the top pain points in the effort to maintain and protect your nonprofit.  The good news is that we have included ALL of them in our Hands-Free Nonprofit Compliance and Payroll Package!

You're Only Three Steps Away...

1

STEP 1: Book a call or select your 

payment option below

Before you book a call, be sure to check out the FAQ below, which may save you time and allow you to feel comfortable signing up right away! 

2

STEP 2: Provide 501(c)3 and employee information

We'll onboard you with a few simple forms, verify all your information, and start uploading good news and vital documents to your shared folder!

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STEP 3: Get paid, qualify for PSLF, and let us take care of the rest.

We'll establish your Compliance calendar, file your annual IRS 990 Tax Return, provide pay stubs, and file all payroll taxes and reports.

Technology backed up by real, actual humans!

Of course, we strategically use online forms and automation to make this as easy and reliable as possible - but sometimes, there's just no substitute for an in-charge, "Let-me-take-care-of that" human.

 

When things are working well, you won't need to call us - and in the event of a problem, we'll hop on a phone and get stuff done! #gsd

YOU'VE EXPERIENCED HOW EASY WE MAKE 501(c)3 FORMATION...WHY NOT THIS?

Just like our 501(c)3 Formation service, we have designed this service to provide a ton of value for a moderate cost, and a super-easy and streamlined experience - so you can stay focused on your mission! No more worry or last minute calls to an accountant or lawyer - and no big fees!

Includes your 990-N Tax Return, Annual Report and/or Statement of Information, Certificate of Good Standing (or its equivalent) in your state, and provide live Q&A support through 2020.

In a simple, three-step process, we gather your nonprofit's vitals, create a filing schedule, and get to work, notifying you along the way! And every month, get your questions answered live!

Let's walk through what's included, and how it works, so you can decide if it's right for you.

What Customers are Saying about Hands-Free

Codi Woodland

“Everyone needs Hands-Free! Me most of all..."

Guys, you've been with me since I started, and I love how easy and streamlined it was to get started with Incorporation and Tax Exempt Status. But I'm not the greatest at keeping up with bureaucratic filings and paperwork. So I REALLY appreciate you rolling out this service - it is just what we all need!

Cody Woodman
- Serial Nonprofit Founder, Minnesota

“As an accountant, I know how people need Hands-Free!"

“Not only have I recommended InstantProfit for 5 years and appreciate their level of excellence, I ALSO know from helping people lower their tax burden, people often get in trouble forgetting to file!"

John Boyle | EA, CTC
- Tax Planner and Advisor, Arizona
John Boyle, EA

InstantNonprofit will do the hard work for you."

I came home and found my acceptance letter already there and I went to tears.  If I had been bogged down trying to figure out the paperwork I wouldn’t have been able to launch. It’s the best investment I made for my nonprofit, hands down."

Sarah Downey Robinson
- Founder, Rise Up Yoga, Colorado
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100% Approval Guaranteed

or your Money Back!

100% Approval Guarantee

You are fully protected by our 100% Approval Guarantee. While we do not control government agencies, you can rest assured that all filings and remedies will be timely filed and any issues will be remedied, or we'll send you a prompt refund.

The Details on Hands-Free Maintenance...

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What's Included with the Hands Free Program?

  • Payroll (Value $40/month = $480/year): Once we complete our set-and-forget process, we’ll manage your withholding and payments for taxes, and send a report for your files.  Payroll services also include:
       --> IRS 940 and 941 Filings: We’ll handle your periodic Federal Unemployment Tax and Wage Reporting, and upload reports to your secure account automatically.
      --> W-2’s: We’ll issue and send W-2’s ahead of time.
      --> Income Tax, Fed, FICA, & other deductions as required.
  • Unemployment & Disability (Value = $175): No matter the rules in your state, we’ll handle registration with the unemployment system and get you set up with the minimum required disability insurance.
  • IRS 940 and 941 Filings: We’ll handle your periodic Federal Unemployment Tax and Wage Reporting, and upload reports to your secure account automatically. 
  • Annual or Periodic Report/Statement of Information (Value = $145): We’ll keep your organization in Good Standing by filing your Periodic Report, which states rely on to know the organization is still operating.
  • Charitable Solicitation Registration - if applicable (Value = $225): Depending on the requirements in your state, we’ll keep you on the right side of the law by keeping you fundraising compliant.
  • Annual Filing of IRS Form 990 Tax Return (Value = $200): We’ll file your IRS Form 990 on or before the due date, which is the primary requirement to maintain IRS 501(c)3 Tax-Exempt Status.
  • Annual Board Meeting Facilitation (Value $250): Once each year, we’ll schedule, facilitate (live via video), secure signatures, and upload documentation for your required Annual Board Meeting.
  • Monthly “Ask Us Anything” Live Video Coaching ($100 per month or $1200 per year): You and/or your board will have the opportunity to hop on for live coaching once per month and get any question answered.

This sounds awesome - what's NOT included?

Here's what's NOT included, or is limited:

  • The vast majority of states/geographies are covered for all required state filings. New York and Washington State (and perhaps 1-2 others based on emerging/recent legislation)  have unique Family Leave laws, Hawaii has an Excise Tax Exemption, and a small percentage of localities or special districts have small, local tax programs and regulations. These require the nonprofit managers/directors to register directly. These are not included.

  • Specific nonprofit questions and general consulting is dedicated to the bi-monthly coaching sessions included in the program. If you'd like more 1:1 help, we're happy to speak with you about our additional consulting services we provide for social entrepreneurs. 

  • If your revenues exceed $50,000 a small 990/tax return preparation fee will apply.

  • If you've been in business prior to coming on board with us, and you missed a deadline or are out of compliance, we'll fix it, but reasonable fees will apply

  • We do not answer questions about PSLF particularities - that is Ian Hoffman's department. We want you to have the best info available.

  • Customers are resposible to possess basic technology proficiency and cannot spend hours cobbling together poor quality phone pictures of documents.

  • You are responsible to send all relevant snail mail, or other documents required, via email after scanning them in high quality.

  • Customers are expected to read our emails & communications, as we do need authorizations and decisions to be made, on occasion.

How can you cover all of these features for such a low price point?

This version of Hands-Free was exclusively designed for Ian Hoffman’s clients – meaning the program would fit a specific niche of Student Loan Forgiveness program whose nonprofits would uniquely match the following criteria:

  • Limited categories of income (donations and fee-for-service – maximum three)

  • Limited categories of expense (payroll and 1-2 others – maximum three)

  • Single-employee (W-2) organization (maximum two)

  • One paycheck issuance per month

  • Payroll falls below threshold requiring Federal tax withholding

  • Revenues below $50,000/year (eligible for 990-N Annual Information Return)

  • One board meeting annually to comply with minimum governance requirements

  • No broad, public fundraising (does not meet national solicitation requirements)

How do I know if I qualify for Hands Free ?

This version of Hands-Free was exclusively designed for Ian Hoffman’s clients – meaning the program would fit a specific niche of Student Loan Forgiveness program whose nonprofits would uniquely match the following criteria:

  • Limited categories of income (primarily fee-for-service, donations and/or loans – maximum three)

  • Limited categories of expense (payroll and 1-2 others – maximum three)

  • 1-2 employees (W-2) organization (maximum two)

  • One paycheck issued per month

  • Payroll falls below threshold requiring Federal tax withholding (about $42,000)

  • Revenues below $50,000/year (eligible for 990-N Annual Information Return)

  • One board meeting annually to comply with minimum governance requirements

  • No broad, public fundraising (does not trigger national solicitation requirements)

  • Your bank must allow "guest access" or limited, passive user account access so we can download bank activity and reconcile your books

Don't I need my CPA to review the books too?

Having created and assisted in myriad ways with thousands of 501(c)3’s, we always welcome CPA and/or attorney review. That said, our mission is to empower founders with an appropriate level understanding of their own organizations through clear, consistent reporting - one should not need an MBA to run a small company or nonprofit!.

 

Through customer feedback and an eye toward simplicity, we continue to refine and simplify our process and reporting format, so that anyone with the most basic level of understanding of financial terms will be able comprehend your organization’s finances from a glance at your financial reports.

 

Also - and perhaps equally significant - the 990 information return, which essentially replaces your organization’s “tax return”, does not require report any financial numbers whatsoever, as long as the annual revenues remain below $50,000 per tax year.

Can my for-profit company/practice pay for these services?

You can count any and all of your nonprofit pre-startup expenses as either:

1) A reimbursable expense that can be paid back at any time by the nonprofit; or 

2) A tax-deductible donation.

 

Here's how this works:

1) REIMBURSEMENT:

Pre-startup expenses for any nonprofit should be carefully documented as they are 100% reimbursible by the nonprofit.

 

At the outset, since the nonprofit does not yet exist, you would first outlay the funds (for the 501(c)3 Formation, or Hands-Free for example) with personal funds and provide the nonprofit with a receipt and a request for payment. These funds may be provided by you personally (or from any corporation or entity, or from your wealthy uncle). This creates a "credit" in the hands of the party making the payment, and a "liability" on the part of the nonprofit.

 

If you desire to be reimbursed for any legitimate outlay of funds on behalf of the nonprofit, the nonprofit can then reimburse at any time after its creation.

 

2) DEDUCTIBLE DONATION:

 

Later, once the nonprofit is up and running, the party who laid out the expense can elect to eliminate that liability for the nonprofit, by declaring the outlay a "tax-deductible donation".

 

The nonprofit would then provide a donation receipt as documentation for the donor to use when filing personal or corporate tax returns. This creates paper trail to back up the personal or corporate tax deduction.

 

In the case of your PSLF-oriented nonprofit, we generally recommend, in agreement with Ian Hoffman, that you pay for the expense personally, then either write the expenditure off or reimburse yourself from the organization when it becomes self-sufficient.

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