2016 Higher Education Tax Reporting Trends Project
The seventh edition of our annual Higher Education Tax Reporting Trends Project includes results from a survey of 190 colleges, universities, and seminaries across the U.S. Get data on applicable large employers, IRS notices regarding Form 1098-T issues, Form 5500, and more.
Proposed Rules Governing Borrower Defense and Financial Responsibility
July 12, 2016 - In an effort to hold higher education institutions accountable and protect the federal government’s financial interests, the Department of Education recently proposed new regulations that will more than likely impact your nonprofit higher education institution.
New Data Shows Fraud Continues to be a Significant Risk for Nonprofits
A new report from the Association of Certified Fraud Examiners (ACFE) shows that fraud continues to be a significant threat to all nonprofit organizations. Take a look at key findings from the report, plus five steps you can take to reduce your risk.
New IT Security Threat Targeting Finance Departments On the Rise
A hacked email account. A perpetrator posing as a senior leader and requesting a fraudulent funds transfer. This may sound like a movie plot, but it is a reality we see playing out more and more. Learn more about this type of IT security breach and four recommendations for preventing it.
2016 Higher Education Tax Update
The CapinCrouse 2016 Higher Education Tax Update covers the latest developments across a range of key topics. This includes IRS updates, Form 1098-T reporting changes, how to determine if you are an Applicable Large Employer (ALE), and how the overtime final rules affect higher education institutions.
Overview of the FASB Accounting Standards Update on Leases
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.
Nonprofit Issues Newsletter, Spring 2016
Learn how to create and implement an effective ERM strategy, correctly allocate joint costs, benefit from micro-donations, and assess the health of your church. Plus Newsbits on the FASB Not-for-Profit Financial Statements Project, new guidance on lease accounting, a phishing scheme involving W-2s, and more.
The OMB Rule on Indirect Costs: What You Need to Know
The Office of Management and Budget’s Uniform Guidance (the Omni Circular) has brought sweeping changes for nonprofits that receive federal funding. Nonprofits need to get up to speed on their rights and responsibilities under the rule — to avoid forfeiting reimbursement dollars.
Minister’s Housing Allowance and Retirement Plan Contributions
The minister's housing allowance is a unique tax component that can provide substantial benefit to qualifying employees. However, many nonprofits don’t realize that including this nontaxable allowance when calculating retirement plan contributions could have significant consequences. Here's what you need to know.
Is Your Organization Managing Risk – or is Risk Managing You?
All entities make decisions based on risk every day. That means Enterprise Risk Management (ERM) is a process that all higher education institutions, churches, schools, and ministries are already implementing. The question is: Is your organization managing the ERM process – or do you just react to risk after the fact?