Nonprofit Resources
Dual-Use Facilities – Methodologies for Allocations of Expenses
Allocating expenses for dual-use facilities is complicated. Here's an in-depth look at the various methodologies and considerations.
Cybersecurity Training: Who, What, When, Where, and Why
There are many controls and safeguards organizations can — and should — put in place to reduce their risk of a cyber attack. One very vital tool in mitigating that risk is ongoing cybersecurity training. Use these tips and best practices to help your organization implement an effective training program.
Mastering Employee Benefit Plan Complexities
Employee benefit plan (EBP) audits* are higher risk and require more specialized knowledge than the average financial statement audit. Here's one way our team is staying on top of the complexities to benefit our clients.
IRS Launches New Online Tool with Enhanced Data on Exempt Organizations
The new Tax Exempt Organization Search (TEOS) is designed to provide users with faster, easier access to more types of information.
How the New GDPR Data Privacy Standards May Affect Your Nonprofit
The European Union’s comprehensive new regulation governing privacy practices goes into effect on May 25, 2018. U.S.-based nonprofit organizations shouldn’t assume they are exempt, even if they do not operate in the EU. Here's why.
Is it a Merger or an Acquisition?
While the terms “merger” and “acquisition” are often used interchangeably, they are quite different from an accounting standpoint.
IRS Issues Guidance on Failure to Meet Required Minimum Distribution Standards for 403(b) Plans
The IRS has directed employee plan examiners to not challenge 403(b) plans for failing to satisfy the required minimum distribution standards if the plan cannot locate the participant and has taken certain steps.
A Template for Successful Nonprofit Mergers and Acquisitions
Nonprofit mergers and acquisitions can be beneficial for both organizations involved, but they require a significant investment of time and effort. If your organization is considering joining with another entity, these four phases will help guide you through the necessary steps.
Tax-Free Reimbursement and Deductibility of Moving Expenses Suspended Under the New Tax Act
Previously, employers could for or reimburse moving expenses for new or relocating employees on a tax-free basis. However, under the new tax bill these payments are now taxable to the employee.
Business as Mission: A Good Fit for Your Mission?
For the last few decades, many North American Christian missionary-sending organizations have become increasingly interested in the concept of sending missionaries with a "businessperson" label. The challenges and impediments to the success of this alternative missionary wave have typically come within three categories.