July 29, 2020 Are Scholarships Tax-Free or Taxable? COVID-19 is changing the landscape for many schools this fall. But many children and young adults are going back, even … Read More
July 29, 2020 Drive Success With Dashboard Reports Timely, relevant financial data is critical to managing a business in today’s unprecedented conditions. Similar to the control panel in … Read More
July 29, 2020 Main Street Lending Program Now Open to Nonprofit Applicants Last week, the Federal Reserve announced that not-for-profit organizations now may apply for loans under the $600 billion Main Street Lending … Read More
July 28, 2020 Take Advantage of A “Stepped-Up Basis” When You Inherit Property If you’re planning your estate, or you’ve recently inherited assets, you may be unsure of the “cost” (or “basis”) for … Read More
July 28, 2020 External Audits Offer Many Benefits to Nonprofits Your nonprofit organization may be required to hire an independent outside CPA to audit its books, depending on its annual … Read More
July 28, 2020 To Find New Revenue Opportunities, Think Like an Auditor Want to increase your not-for-profit’s revenue? First try analyzing current income as a professional auditor might. Then, you can apply … Read More
July 28, 2020 Reporting Embedded Leases In 2016, the Financial Accounting Standards Board (FASB) published guidance that requires major changes to how leases are reported on … Read More
July 27, 2020 An Advisory Board Can Complement Your Nonprofit’s Board of Directors Your not-for-profit has a board of directors — so why would it need an additional advisory board? There are a … Read More
July 27, 2020 After You File Your Tax Return: 3 Issues to Consider The tax filing deadline for 2019 tax returns has been extended until July 15 this year, due to the COVID-19 … Read More
July 27, 2020 Are Your Participants Experiencing a Fee Imbalance? Subsequent to the 2012 implementation of ERISA fee reporting regulations (ERISA 408(b)(2) & 404(a)(5)), the Department of Labor (DOL) began … Read More
July 24, 2020 Accounting for Cloud Computing Arrangements The costs to set up cloud computing services can be significant, and many companies would prefer not to immediately expense … Read More
July 23, 2020 Appealing To The Next Generation Of Supporters Factors such as wealth level, education and even whether people volunteer, probably will tell you more about potential donors … Read More
