Nonprofit Resources
Top Cybersecurity Myths and How to Overcome Them
The number of cyber breaches and incidents is skyrocketing, and that pattern will continue. So what should nonprofits be doing? This article examines two prevalent cybersecurity myths and the steps you can take to help protect your organization.
Preparing for the FASB Financial Reporting Standards Changes
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.
Judge Delays Implementation of New Overtime Rule
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.
IRS Extends Due Date for Some ACA Reporting Requirements
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.
Why Financial Documentation is a “Must” for Your Ministry
Documenting your processes and procedures is important for efficiency and effectiveness. From a risk-management standpoint, it is also imperative.
How to Ensure Effective Board Training
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.
Nonprofit Issues Newsletter, Fall 2016
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.
What a Successful Church Accounting Department Manager Looks Like
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.
How to Train Church Finance Department Workers
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.
FASB Issues ASU on Financial Statements for Not-for-Profit Entities
August 18, 2016 - The Financial Accounting Standards Board (FASB) today issued Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities.