File Income These are prepared by our accountants and must be mailed by and Prepare May 15th. Send records to: Financial Anderson, Swanson, Mallonee, Senger Statements Tel: (206) 487-6888 Fax: (206) 487-6889 Note: Legally, DAMA International is not required to file for any year in which our receipts against the DAMA International Tax ID are less than $25,000 (as of 1994). However, it is better to continue filing than to incur governments questioning the reason for discontinuing the filings. A 1099 form must be filed for everyone DAMA International 1099 Forms for Individuals DAMA pays more than $500 a year for any services. The accountant I pays will prepare the form (see above). The employee's copy must be mailed by the end of January and the government's copy must be mailed by the end of February. (The one-month delay allows the employee to report errors to the accountant and have a corrected from reissued. Mailing Tax Forms Mail all 1040's and 1096's Certified and Return Receipt Requested. FINA0004: Set Operating Budget History New procedure Last Revised: September 2007 Purpose Provide DAMA International with the Operating Budget for the year Prepare Annual The budget will usually be discussed at the first Board of Budget/Monitor Directors meeting of the year, and money allocated to projects. Expenses It is the responsibility of the VP Financial Services to monitor expenses against allocation. Due Must have a final and approved budget by January 1st of the year. Revised September 2007 FINA0005: Issue Statements of Financial Status
File Income and Prepare Financial Statements These are prepared by our accountants and must be mailed by May 15th. Send records to: Anderson, Swanson, Mallonee, Senger Tel: (206) 487-6888 Fax: (206) 487-6889 Note: Legally, DAMA International is not required to file for any year in which our receipts against the DAMA International Tax ID are less than $25,000 (as of 1994). However, it is better to continue filing than to incur governments questioning the reason for discontinuing the filings. 1099 Forms for Individuals DAMA I pays A 1099 form must be filed for everyone DAMA International pays more than $500 a year for any services. The accountant will prepare the form (see above). The employee's copy must be mailed by the end of January and the government's copy must be mailed by the end of February. (The one-month delay allows the employee to report errors to the accountant and have a corrected from reissued. Mailing Tax Forms Mail all 1040's and 1096's Certified and Return Receipt Requested. FINA0004: Set Operating Budget History New procedure Last Revised: September 2007 Purpose Provide DAMA International with the Operating Budget for the year Prepare Annual Budget/Monitor Expenses The budget will usually be discussed at the first Board of Directors meeting of the year, and money allocated to projects. It is the responsibility of the VP Financial Services to monitor expenses against allocation. Due Must have a final and approved budget by January 1st of the year. Revised September 2007 FINA0005: Issue Statements of Financial Status
DAMA%20International%20Handbook%202010-03%20v05r08.docx