Nonprofit Resources
What Nonprofits Need to Know About Corporate Sponsorships
The corporate sponsorship rules provide a closely defined safe harbor of activities or actions on which no tax will be due.
Unrelated Business Activities, FIN 48, and Uncertain Tax Positions
Over the past few years, the IRS has continually stated that they are ramping up compliance in the area of unrelated business income tax reporting for exempt organizations.
What You Need to Know About the COSO Framework Update
The COSO Framework is designed to provide a process of controls aimed at achieving the organization’s objectives. The recent update resulted in five significant changes.
Big Picture Financial Management: Four Ways to Strengthen Your Ministry
Being responsible for the accounting and financial operations of a ministry is no small task.
Five Ways to Make an Audit Easier
We’ve put together five tips to help make an audit less painful and provide you with maximum benefit.
Five Questions to Ask About Your Organizational Philosophies
Whether you are new to your organization or have been there many years, it is important to step back periodically and examine existing organizational philosophies to determine whether they are helping or hindering your ministry’s leadership and objectives.
Not-for-Profit Financial Reporting 3.0: New FASB Exposure Draft
Even with the challenge of learning a new framework and educating others, this may be an update to welcome.
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.
Employing the Wisdom of Small Creatures for Big Organizational Change
Rather than thinking of ants and locusts as pests, what if we viewed them as little creatures we can learn and unearth big organizational truths from? After all, Proverbs 30:24 describes ants and locusts as “exceedingly wise.”
Medical Premium Refund for Small Organizations
The new health reform legislation includes a tax benefit for eligible small employers who buy medical insurance for their employees. The potential of a refund makes this worth looking into.