Key Federal Tax Figures for 2017
January 19, 2017 - Download or print our 2017 Key Federal Tax Figures summary for use as a reference tool throughout the year.
What Would Happen if Your Organization Was Hacked?
January 13, 2017 - Cyber attacks are a significant and growing risk and nonprofits, regardless of size, are not immune. Do you know what to do if your organization’s information systems or data are compromised?
Judge Delays Implementation of New Overtime Rule
November 28, 2016 - Texas Federal District Court Judge Amos L. Mazzant III issued a preliminary injunction temporarily delaying the implementation date of the new Department of Labor overtime rule scheduled to go into effect on December 1. This has left things in a state of flux.
IRS Extends Due Date for Some ACA Reporting Requirements
November 22, 2016 - The IRS has extended one of the due dates for 2016 information reporting requirements under the Affordable Care Act to give employers, insurers, and other providers additional time to gather and prepare the necessary information.
FASB Issues ASU on Financial Statements for Not-for-Profit Entities
August 18, 2016 - The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.
Proposed Rules Governing Borrower Defense and Financial Responsibility
July 12, 2016 - In an effort to hold higher education institutions accountable and protect the federal government’s financial interests, the Department of Education recently proposed new regulations that will more than likely impact your nonprofit higher education institution.
What Nonprofits Need to Know about the Final Overtime Rules
May 20, 2016 - Effective December 1, 2016, most salaried workers making less than $47,476 per year (or $913 per week) must be paid overtime for any hours worked in excess of 40 hours per week. The regulations do not provide an exemption from overtime requirements for nonprofit organizations.
Renewed Attack on Minister’s Housing Allowance
April 20, 2016 - On April 6, 2016, the Freedom From Religion Foundation renewed its attack on the minister's housing allowance by filing a complaint. This is only the first step in what will probably be a several-year court proceeding.
Two-Year Extension of the Federal Perkins Loan Program
February 22, 2016 - The Federal Perkins Loan Program Act of 2015 (the Extension Act) has extended the Perkins Loan Program through September 30, 2017. The Extension Act also prohibits any further extensions.
Key Federal Tax Figures for 2016
January 14, 2016 - Our annually updated Key Federal Tax Figures summary, plus what you need to know about the IRA "roll-over" distribution to charity being made permanent.