Is Your Not-For-Profit Team Ready for an IRS Audit?
Does your not-for-profit team know what to do if you receive an IRS audit letter? In recent years, the Internal Revenue Service has increased its [...]
What Your Nonprofit Can Learn From For-Profit Businesses
If your not-for-profit is “stuck” and you’re not sure how to move forward, consider adopting some for-profit business practices. The essential missions of businesses and [...]
Put Email List Segmentation to Work for Your Nonprofit
Your not-for-profit likely has a growing list of email addresses for donors, members, volunteers and other supporters. Are you making the most of it? If [...]
How Nonprofits Can Treat “Founder’s Syndrome”
Of the many afflictions that can impede a not-for-profit’s growth, one of the more deadly is “Founder’s Syndrome.” This occurs when a single individual — [...]
DOL Overtime Rule Blocked
U.S. District Judge Amos Mazzant, a federal judge in Texas, granted a preliminary injunction blocking the U.S. Department of Labor (DOL) from implementing a controversial [...]
Nonprofit Reporting of Expense Allocations
Accounting Standards Update (ASU) 2016-14, Presentation of Financial Statements of Not-for-Profit Entities (Topic 958), issued August 18, 2016 by the Financial Accounting Standards Board (FASB), [...]
Fraud Disclosure Requirements on Form 990
In a previous news brief, Nonprofit fraud isn’t worse – but it’s different, we commented on how fraud that occurs in a Nonprofit is different [...]
10 Things You Should Know About Form 990
If you are a board member or volunteer for a local non-profit, you should be aware of Form 990 Return of Organization Exempt from Income [...]
Not-For-Profit Financial Reporting Standards Are About to Change
The Financial Accounting Standards Board (FASB) has been working on refreshing the financial reporting model for nonprofit organizations for some time. The FASB first announced [...]
The Path Act Changes W2 and 1099-Misc Filing Deadlines
On December 15, 2015, Congress passed the Protecting Americans from Tax Hikes Act (PATH Act) which extended several tax provisions. Enhancing Code Section 179 expensing [...]