Nonprofit Resources
Performing Risk Assessment in Higher Education Institutions
October 28, 2024 - Learn how to identify areas of risk within your higher education institution and develop an effective risk assessment process.
Should Your Church Change its Fiscal Year-End?
October 28, 2024 - If your church uses a calendar year-end of December 31 as its fiscal year-end, you may want to consider whether you would benefit from changing it. Here’s a look at the potential advantages and disadvantages.
Determining Worker Classifications
October 24, 2024 - When individuals perform work for an organization, there are several specific, defined ways for them to be classified in the organization’s payroll and accounting systems, depending on the nature of their work. It is important to classify workers correctly because errors have tax implications for both the employee and the employer.
Three External Fraud Threats Churches Should Address
August 23, 2024 - It’s important for church leaders to be aware of and address external fraud risks. Learn about three common risks threatening churches today, along with warning signs to watch for and practical steps you can take to help protect your church.
Internal Audit in Higher Education Institutions
August 23, 2024 - With the right planning and support, ongoing internal audits can provide higher education institutions with significant benefits without a significant investment of resources. Learn how an internal audit can help your institution safeguard your resources, uphold financial integrity, and identify and address risks.
IRS Reopens Employee Retention Credit Voluntary Disclosure Program
August 16, 2024 - The IRS has reopened its Employee Retention Credit (ERC) Voluntary Disclosure Program to allow organizations with erroneous ERC claims to repay the funds at a 15% discount and avoid future audits, penalties, and interest. Applications are due by November 22, 2024.
Why Your Organization Needs a Vendor Management Program
August 6, 2024 - With the growing threat of cyber breaches, it’s crucial to be aware of the risks that your vendors can pose and manage them accordingly. Follow these three steps to develop and maintain an effective vendor management program.
New Related Party Disclosure Requirements for Higher Education Institutions
July 26, 2024 - The new related party disclosure requirements from the U.S. Department of Education extend beyond what is required under U.S. GAAP. Here’s a look at how Title IV institutions will be affected by this change.
School Voucher Program Considerations for Private K-12 Schools
June 24, 2024 - With the increase in school voucher or school choice programs in the U.S., private K-12 schools must weigh the potential opportunities, challenges, and risks these programs pose for their institutions.
Supporting Your Organization’s Potential: Client Accounting Services for Nonprofits
June 24, 2024 - In today’s fast-paced, rapidly changing environment, nonprofits need to have a financial operations team that can meet both present and future needs. This requires having the right people with the right skills in the right positions.