Nonprofit Issues Newsletter, Spring 2015
The Spring 2015 edition of our Nonprofit Issues newsletter includes articles on proposed changes to not-for-profit financial reporting, building a stronger internal audit function, the COSO Framework update, and how to identify capacity gaps within your organization.
New AICPA Not-For-Profit Section to Provide Key Resources
The AICPA has created a new Not-For-Profit Member Section designed to provide information and resources to those who work in and for this industry.
Important Update on Employer Health Insurance Premium Reimbursement/Payment Plans
February 20, 2015 - For many years, employers were able to directly pay for, or reimburse employees for, the premiums of health insurance policies purchased by an employee without the employee being taxed. This favorable treatment changed effective January 1, 2014. Employers offering premium reimbursement plans are not complying with the Affordable Care Act (ACA), and may be subject to substantial penalties.
Board Review and Approval of Form 990-series Returns
The governing boards of many higher education institutions are not aware of the information being reported on Form 990-series returns.
2014 Higher Education Tax Reporting Trends Project
The 2014 edition of our annual higher education survey includes data and insight on the tax reporting implications for traveling performance music groups, hiring nonresident alien students, overseas activities, displaying art on campus, and more.
Nonprofit Tax UBIT Update: Educational Periodicals
Learn how the unrelated business income cost allocation rules of Section 1.512(a)-1(f) of the Income Tax Regulations apply to educational periodicals.
2014 Higher Education Update
This white paper examines three persistent myths about tuition, student debt, and the cost of private college, and provides data and best practices to help you address three big issues private institutions are facing. It also covers recent accounting standards updates and FASB projects that affect private higher education.
2013 Higher Education Tax Reporting Trends Project
See how the participants in our 2013 survey responded to questions about chapel services, conflict of interest policy updates, the use of outside vendors for food services, receipt of non-cash gifts, youth summer camps, sports programs and more. We also provide key points from the IRS's Colleges and Universities Compliance Project Final Report.
2013 Higher Education Update Addendum
This Addendum to our 2013 Higher Education Update provides information on the most recent higher education developments, including developments on the disruptive innovation front, the rapid increase in regulation, and results from the Association of Governing Boards (AGB) Survey of Higher Education Governance.
2013 Higher Education Update
The 2013 edition of this annual update provides recommendations on dealing with the uncertain economic future, including insight on tuition increases, cost controls, and endowment spending.