Nonprofit Resources
Top Seven August 2025 Announcements for Higher Education Institutions
August 27, 2025 – This summary of the top seven August 2025 higher education announcements includes U.S. Department of Education (ED) and related announcements, plus information about a new FSA training resource.
Key Federal Tax Figures for 2025
February 13, 2025 - We are pleased to provide our annual Key Federal Tax Figures summary, which is designed to be a helpful reference tool throughout the year. We’ve expanded and enhanced the table this year to provide you with additional information.
Department of Labor Overtime Rule Blocked by U.S. District Court
November 18, 2024 - A federal judge in Texas has overturned the recent changes to the U.S. Department of Labor’s (DOL) overtime rule, nullifying the exempt employee status salary threshold rule nationwide.
Updates on the Foreign Grant Reporting Act
October 15, 2024 - The proposed Foreign Grant Reporting Act could have serious unintended consequences for mission organizations, missionaries, and their local partners serving in regions of severe persecution. Learn more with our email alert.
Court Affirms Salary Threshold and Duties in Overtime Exemption
October 2, 2024 - A recent court decision has affirmed that, along with certain listed duties, the U.S. Department of Labor can include a salary threshold in the definition of who qualifies for the executive, administrative, and professional exemption from the minimum wage and overtime rules in the Fair Labor Standards Act.
IRS Issues ERC Disallowance Letters and Releases More Warning Signs
August 8, 2024 - The IRS has begun sending letters to organizations denying their Employee Retention Credit claims. These letters typically require some form of response within 30 days of issuance. The IRS also released five new warning signs of incorrect ERC claims.
IRS Provides an Update on Employee Retention Credit Claim Processing
June 21, 2024 - The IRS has provided an update on Employee Retention Credit (ERC) claim processing, including whether it will lift the processing moratorium in place since last September. Here are the key takeaways.
2024 OMB Compliance Supplement Now Available
June 11, 2024 - The 2024 Compliance Supplement, which applies to entities subject to audits* in accordance with 2 CFR Part 200, has been released by the U.S. Office of Management and Budget. Here’s a summary of key changes, including changes in the Student Financial Assistance Cluster and information on the effective date for the new threshold for Single Audits.
Overview of the Amended Title IV Regulations Effective July 1
May 28, 2024 - Learn about the amended Title IV regulations related to financial responsibility with our latest article and download our helpful summary of triggering events.
New Department of Labor Overtime Rule for Exempt Employees Finalized
April 26, 2024 - A new Department of Labor rule that increases the salary thresholds required to exempt a bona fide executive, administrative, or professional employee from federal overtime pay requirements has been finalized. The first salary threshold increase will go into effect on July 1, 2024.