Nonprofit Resources
First-Time Employee Benefit Plan Audits: What to Expect
Certain employee benefit plans with 100 or more eligible participants may be required to engage an independent auditor to audit the plan’s financial records. Although the audit process may seem daunting, it can go smoothly with a little bit of planning and organization. These tips will help you prepare.
5 Suggestions to Perfect Your Audit Committee Charter
These five suggestions should be considered for strengthening even a great audit committee charter.
IRS Clarifies Deductibility of Business Meals
October 4, 2018 - Since the passage of the Tax Cuts and Jobs Act, there have been a lot of questions about how reimbursement for meals should be treated. Now the IRS has issued guidance.
A Key Cash Flow and Reserves Ratio for Churches
This important ratio shows the days of operating cash and investments your church has on hand to fund annual cash expenditures, specifically related to very liquid assets.
IRS Clarifies Taxability of 2017 Moving Expenses
September 24, 2018 - The IRS has clarified that 2017 moving expenses paid or reimbursed in 2018 are not subject to federal income or employment taxes.
Business Continuity and Disaster Recovery Planning
The business continuity and disaster recovery environment is changing every day. It is critical for nonprofits to establish baseline plans, back-up configurations, and training and testing processes to ensure ongoing operations.
Income Ratio for Churches: Annual Contributions per Average Adult Attendee
This key income ratio can be compared from year to year, allowing you to see giving trends and determine the impact on your church and its budget.
Cutting Through the Confusion about the New “Parking Lot Tax”
August 21, 2018 - Among the many changes and provisions in the Tax Cuts and Jobs Act passed in December, one that has resulted in particular confusion is the taxability of certain fringe benefits provided to employees, particularly parking benefits. Learn more in this Email Alert.
Do We Really Owe Tax on Our Parking Lot?
The new tax on qualified transportation fringe benefits, including parking, has resulted in much confusion. Here's what we know, what we don't, and some examples.
Is Your Organization Ready for this New Data Privacy Law?
August 16, 2018 - New data privacy regulations take effect in Colorado on September 1, 2018. Even if your nonprofit organization doesn’t operate in Colorado, the law applies if you collect or maintain the personal data of Colorado residents. Read more in this Email Alert.