Revenue Recognition Guidance for Not-for-Profits

Not-for-profits are finally able to make sense of the confusion over the Financial Accounting Standards Board’s (FASB) new revenue recognition, Topic 606, thanks to a new standard issued June 21.

2018-10-11T16:02:13-04:00August 23, 2018|Categories: Not-for-Profit|Tags: , , , |

Meals and Entertainment Deduction – What’s Changed?

The Tax Cuts and Jobs Act (TCJA) made sweeping changes to numerous sections of our tax law. Many new provisions have been widely discussed, [...]

The Budgeting Process is Critical for Clubs

In the recent past, clubs were forced to cut spending back due to a decline in membership and in spending by the members that remained. However, while membership desires may have been postponed they were not eliminated. The members want a new swimming pool, the grill needs some new furniture, the golf course needs a new irrigation system, the tennis courts need to be resurfaced and by the way, the club down the street is making these improvements.

2018-12-21T16:00:07-05:00August 15, 2018|Categories: Hospitality, Private Clubs|Tags: , , , |

How Crowdfunding Can Help Nonprofits Generate Funding

Were you recently invited to donate to a friend’s Gofundme account, or have you participated in a colleague’s Kickstarter campaign? If so, you are not alone. Crowdfunding, the process of raising small contributions from a large number of people for a specific project facilitated through websites, has exploded over the years.

2019-03-14T15:38:50-04:00August 3, 2018|Categories: Not-for-Profit|Tags: , , |