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. FASB’s exposure draft issued last [...]
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, but meals and entertainment, which has not been as extensively [...]
What Should You Know About Section 199A?
Learn how the new regulations can impact your potential Qualified Business Income, or QBI, deduction. The Tax Cuts and Jobs Act (TCJA) established a deduction unlike any we’ve seen before – Section 199A, the Qualified [...]
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.
Benefits of Participant Directed Retirement Plans
Question: Do I have to allow my employees the option to choose their own 401(k) investments? I worry they won’t know how to make good investment choices.
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.
