May 16, 2023 - Under Indiana’s new sales tax rules, which go into effect on July 1, 2023, churches and some nonprofit organizations will be exempt from collecting sales tax on all sales of tangible personal property.
May 9, 2023 - What if you had church buildings that were funding your ministries, and not just ministries funding buildings? What if your buildings were as relevant to your community as they are relevant to you? It’s a nuanced topic, but with strategic planning, there is a middle ground between mission and monetization — and we want to help you find it.
April 26, 2023 - Watch our free recorded webinar for tips on knowing what to expect during a Single Audit* and how to prepare. We discuss what is involved in determining major programs and internal controls over those programs, how the Compliance Supplement drives the required compliance testing, and more.
April 19, 2023 - Important Notification: The office of Federal Student Aid said it will send a letter to presidents and chancellors alerting them to the changes as a result of implementation of the FAFSA Simplification and FUTURE Acts.
April 19, 2023 - The deadline for compliance with the updates to the Gramm-Leach-Bliley Act (GLBA) is nearing, with a due date for full compliance in June 2023. In part one of this two-part series, we examine why GLBA is important for higher education institutions and why it is more than just a compliance issue.
April 13, 2023 – In Part 2 of our webinar series, we discuss additional common and costly mistakes for churches to avoid, including not optimizing your financial operations team and not preparing for new financing opportunities.
March 22, 2023 - Watch our free recorded webinar to learn about the current state of ransomware and how it can impact nonprofits. We discuss foundational, baseline controls as well as evolving protections that can help your nonprofit prevent ransomware and respond quickly and effectively if it enters your organization.
March 15, 2023 - Organizations are required to include a financial statement disclosure regarding cash deposits in excess of FDIC insurance. Here is information about the disclosure, including an example.
March 14, 2023 - The next round of Higher Education Emergency Relief Fund (HEERF) required annual reporting for Year 3 (January 1, 2022, to December 31, 2022), is due no later than March 24, 2023, for institutions that expended HEERF grant awards during this time frame.
March 13, 2023 - In light of the current questions being raised about the U.S. banking system, organizations should be aware of the importance of the required financial statement disclosure regarding cash deposits in excess of FDIC insurance. This disclosure provides the required information regarding an organization’s cash deposits in excess of the federally insured amounts.