Many nonprofit organizations are considering alternative revenue sources as a way to bring in extra funding. As with most initiatives, the key is to plan diligently.
Whether you are a new, long-time, or prospective senior management official (SMO), an employment contract is vital. Learn what an employment contact should include in this article from Gammon & Grange.
The IRS recently clarified the rules for reporting gift cards given to employees on Form W-2. Check out this example and an explanation of the rules.
The Financial Accounting Standards Board (FASB) has announced the most significant update to not-for-profit financial reporting in 23 years. The changes are significant, and it’s important to begin planning now.
Documenting your processes and procedures is important for efficiency and effectiveness. From a risk-management standpoint, it is also imperative.
Board members are often well-intentioned, but they are not always well-equipped. Follow these tips help your board members become more effective in their roles and therefore better at providing both oversight and insight for your church.
Ted Batson joined CapinCrouse in May 2016 as tax counsel, a role that is vital in helping our nonprofit clients navigate a wide range of exempt-organization issues. We recently spoke to him about his expertise, how he is assisting clients, and what he’s looking forward to in his new role.
Running a church accounting department requires a variety of skills. This overview will help you consider whether your church is being well-served and what areas may need improvement.
Everyone, from tax preparers and mechanics to doctors and surgeons, needs to receive ongoing and informed training to do their job well. This is also true of the individuals responsible for the financial matters in your church.
Applicable Large Employers (ALEs) have significant reporting requirements, including Form 1095-C. That means it is crucial for higher education institutions to document whether or not they have more than 50 full-time equivalent (FTE) employees for years beginning with 2014.