Nonprofit Resources
Could Outsourced Accounting Services Benefit Your Organization?
February 26, 2024 - Outsourcing can help your organization manage the rapid pace of change and flexibility required in today’s environment. Here are four insights about outsourced accounting services to consider and four questions to ask as you assess the potential benefits for your organization.
6 Key Considerations for Budgeting in Changing Times
February 26, 2024 - Budgeting effectively when so much is unknown can feel overwhelming, but you can use these considerations and steps to assess and modify your ministry’s budget to the new realities we encounter.
IRS Launches New Employee Retention Credit Voluntary Disclosure Program
January 3, 2024 - The IRS has announced a voluntary disclosure program for organizations that want to pay back the funds they received after filing Employee Retention Credit claims in error, thereby avoiding potential interest, penalties, and litigation. Organizations accepted into the program will be required to repay 80% of the funds received.
OMB Compliance Updates for Higher Education Institutions
November 14, 2023 - This article summarizes recent key Office of Management and Budget (OMB) compliance updates as they apply to higher education institutions.
Employee Retention Credit Updates and Considerations
October 26, 2023 - If your organization is considering applying for the ERC or you have already filed a claim and are questioning in hindsight if you are eligible, this article provides updates and insights to help you through the next steps.
How to Create a Compensation Philosophy and Policy for Your Organization
August 28, 2023 - A written compensation philosophy and policy can be a vital tool in creating a compensation strategy that helps your organization recruit and retain the qualified employees you need to achieve your mission. Here are four key benefits.
Cyber Insurance for Nonprofits: What it Looks Like, How it’s Priced, and What to Expect
August 22, 2023 - The effects of a cyber incident can be significant, costly, and long lasting. While cyber insurance won’t prevent a cyber incident, it can help your organization manage the impact if one occurs. Here’s what it entails.
Thinking About Accepting a Federal Award? Read This First.
June 21, 2023 - Federal awards (grants or contracts) can be appealing to nonprofit entities, including higher education institutions, voluntary health and welfare organizations, and churches. However, the administrative requirements can be time-consuming and even burdensome in some cases. Here’s what to consider before accepting federal funds.
Activating Your Church Building for Greater Community Impact: Key Considerations
June 21, 2023 - Has your church considered how you could use your buildings to increase your community impact during the week? With the right planning and steps, many churches have the opportunity to optimize their buildings for purposes beyond typical Sunday uses — and accomplish this in a financially sustainable way.
Recent FBAR Cases Provide Important Takeaways for Taxpayers
April 27, 2023 - Two recent court cases related to FinCEN Form 114, Report of Foreign Bank & Financial Accounts (FBAR), highlight several key issues that are important for taxpayers with non-U.S. financial accounts. This article provides key takeaways.