NFP E-News Update
May 23, 2013
The Colleges and Universities Compliance Project, begun in 2008 by the IRS, distributed 400 questionnaires to a randomly-selected sample of schools to ensure compliance with current regulations. Based on responses to the questionnaires and details of the respective Form 990s, the IRS selected 34 of these colleges and universities for further review and found that unreported unrelated business income (UBI) in higher education was found in almost every case examined by the IRS.
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NFP E-News Update
May 16, 2013
A retirement plan can have a lot of benefits for non-profit organizations and their employees. Experts estimate that workers will need 70 to 90 percent of their pre-retirement income to maintain their current standard of living when they retire. By sponsoring a retirement plan, an organization will help their employees save for their future.
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NFP E-News Update
May 9, 2013
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2012-05, Statement of Cash Flows (Topic 230): Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows.
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Few business and personal challenges are more frustrating than the IRS Tax Code. Understanding that code, staying abreast of changes to that code and finding opportunities in that code takes a full-time commitment. The tax professionals of Blue have that commitment.
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| - Corporate tax planning | - Property taxation |
| - Employee benefits plans | - Representation before the IRS or other
tax authorities |
| - Mergers and acquisitions | - Quarterly estimate computations |
| - Succession planning | - Employee benefits administration |
| - Cost segregation | - Employee benefit annual reports and compliance |
| - Compliance | - Reporting and disclosure under ERISA |
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return preparation |
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| - Corporate tax return preparation | - Research and experimentation tax credit |
| - Partnership tax return preparation | - Fixed asset services |
| - Payroll tax return preparation |