February 11, 2021 New Revenue Idea? Watch Out For The Commerciality Doctrine If your not-for-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. … Read More
January 30, 2021 New Law Provides Option to Delay Implementing The Updated CECL Standard The Consolidated Appropriations Act (CAA), signed into law on December 27, 2020, includes a variety of economic relief measures. One such … Read More
January 19, 2021 The COVID-19 Relief Law: What’s In It For You? The new COVID-19 relief law that was signed on December 27, 2020, contains a multitude of provisions that may affect … Read More
January 12, 2021 Can You Qualify For A Medical Expense Tax Deduction? You may be able to deduct some of your medical expenses, including prescription drugs, on your federal tax return. However, … Read More
December 22, 2020 Congress Passes Consolidated Appropriations Act of 2021 Learn about the key tax provisions for individuals and businesses included in the Consolidated Appropriations Act of 2021. Read More
November 12, 2020 What Do The 2021 Cost-of-Living Adjustment Numbers Mean For You? The IRS has announced its 2021 cost-of-living adjustments to tax amounts that might affect you. Many increased to account for … Read More
October 15, 2020 More Time: FASB Delays Long-Term Insurance Standard … Again On September 30, the Financial Accounting Standards Board (FASB) finalized a rule to defer the effective date of the updated long-term … Read More
August 11, 2020 Reporting CAMs In The COVID-19 era Starting in 2019, auditors’ reports for certain public companies must contain a new element: critical audit matters (CAMs). The requirement … 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
June 26, 2020 What Qualifies As A “Coronavirus-Related Distribution” From A Retirement Plan? As you may have heard, the Coronavirus Aid, Relief and Economic Security (CARES) Act allows “qualified” people to take certain … Read More
June 11, 2020 The Latest News On Nonprofit Fraud Is Here Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and … Read More
April 22, 2020 Adjusting Your Financial Statements For COVID-19 Tax Relief Measures The Coronavirus Aid, Relief, and Economic Security (CARES) Act, signed into law on March 27, 2020, contains several tax-related provisions for … Read More
