NFP E-News Update
June 19, 2014
Some of the Latest Guidance for Tax Exempt Organizations from the Courts and IRS. This article includes information related to certain benefits extended to religious organizations, new regulations for tax exempt hospitals, and guidance for groups operated for the nonexempt purpose of raising funds for a for-profit entity. Read More
NFP E-News Update
June 12, 2014
The FASB is proposing the following changes to the financial statements for NFP organizations. The exposure draft is expected to be released in mid-2014 with the final Accounting Standards Update (ASU) likely issued in mid-2015. The effective date for this proposal is still uncertain at this time. We will keep you informed on how these changes will impact your organization. Read More
CPAs, like all providers of personal financial services, are now required by law to inform their clients of their policies regarding privacy of client information. CPAs have been and continue to be bound by professional standards of confidentiality that are even more stringent than those required by law. Therefore, we have always protected your right to privacy.
Types of Nonpublic Personal Information We Collect
We collect nonpublic personal information about you that is provided to us by you or obtained by us with your authorization.
Parties to Whom We Disclose Information
For current and former clients, we do not disclose any nonpublic personal information obtained in the course of our practice except as required or permitted by law. Permitted disclosures include, for instance, providing information to our employees, and in limited situations, to unrelated third parties who need to know that information to assist us in providing services to you. In all such situations, we stress the confidential nature of information being shared.
Protecting the Confidentiality and Security of Current and Former Clients Information
We retain records relating to professional services that we provide so that we are better able to assist you with your professional needs and, in some cases, to comply with professional guidelines. In order to guard your nonpublic personal information, we maintain physical, electronic, and procedural safeguards that comply with our professional standards.