May 25, 2023 - The 2023 Compliance Supplement from the Office of Management and Budget has been released. It is effective for audits of fiscal years beginning after June 30, 2022, and contains notable changes in the Student Financial Assistance Cluster related to the Gramm-Leach-Bliley Act (GLBA).
May 24, 2023 - Determining how your nonprofit should implement information security controls can feel overwhelming. Watch this free recorded webcast to learn about the Top 18 Critical Security Controls from the Center for Internet Security (CIS) and why this globally recognized framework can be an effective option for nonprofit organizations.
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 27, 2023 - Managing uncertainty, preventing Title IV compliance findings, recent FBAR developments, and other updates and insights for nonprofits, higher education institutions, and churches.
April 27, 2023 - Two recent court cases related to FinCEN Form 114, Report of Foreign Bank & Financial Accounts (FBAR), highlight several key issues that are important for taxpayers with non-U.S. financial accounts. This article provides key takeaways.
April 26, 2023 - Watch our free recorded webcast 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 webcast 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.
