Nonprofit Resources
Reporting Health Plan Coverage to Employees and the IRS
Beginning with the calendar year 2015, many employers are now required to provide employees with significantly more information about their health plan coverage. This article describes which employers will have this additional reporting obligation, and the types of information they will need to provide.
Communicating Financial Information to Church Leaders
There are three key concepts to consider when preparing information for an upcoming meeting.
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.
Responding to Financial Realities
Hard work at the beginning can make the church budget process work more smoothly through its adoption — especially if an unforeseen scenario with giving or expenses unfolds.
In the Budget? That Doesn’t Necessarily Mean You Can Spend It
Reserves and cash flow projections are important. Just keep in mind that while many churches use operating budgets, many church employees confuse operating expenses with cash expenses.
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.
Managing Budgets Never Ends
We budget so that we can better manage our church’s operations. To effectively manage a budget, it should never be far from our minds.