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.
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.
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.
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.
A look at how to prepare for the pending FASB financial reporting standards, insight on the new AICPA Not-for-Profit Certificate Program, and more.
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.
