Nonprofit Resources
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.
Nonprofits Warned About Email Scam
According to published reports, a number of organizations have received emails from an individual in England who was unknown to the organizations and offered a donation of approximately $30,000. Learn how this scam works.
Public Confidence in Nonprofits Varies
Statistics to consider when you complete your next Form 990 or draft your next annual report, along with information on how CapinCrouse can help.
The IRS Takes These Board Financial Responsibilities Seriously – Do You?
If you serve on the board of an organization, you’ve probably heard the term “fiduciary responsibility” and know that it applies to your role as a board member. Yet you may not be aware of exactly what that involves for board members of not-for-profit organizations.
Common Church Finance Department Mistakes and How to Remedy Them
A look at some of the common mistakes made in church finance departments and how these mistakes can be remedied.
Foreign Operations Reporting
The IRS has an extensive reporting structure for foreign activities by U.S. individuals and corporations. Nonprofit corporations, religious workers, and churches are not exempt.
Foreign Account Reporting Requirements (FBAR)
Although foreign bank account reporting (FBAR) reporting was legally required as far back as 1970, few Americans knew about it or took it seriously. This has changed in the last few years because of the Treasury Department’s aggressive search for violators and the draconian penalties that apply.
Renewed Attack on Minister’s Housing Allowance
April 20, 2016 - On April 6, 2016, the Freedom From Religion Foundation renewed its attack on the minister's housing allowance by filing a complaint. This is only the first step in what will probably be a several-year court proceeding.
The Top 10 Year-End Fiscal Tasks
Performing these simple steps throughout the year will result in your year-end financial close being similar to any other month-end, rather than a stressful and time-consuming event.