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Thought Leadership

When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.

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FASB ASU NO. 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

FASB ASU NO. 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

During 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made to clarify […]

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Kentucky Sales Tax Hits Nonprofit Organizations

Kentucky Sales Tax Hits Nonprofit Organizations

Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax […]

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Qualified Transportation: An initial look at what needs to be included in unrelated business income

Qualified Transportation: An Initial Look At What Needs To Be Included In Unrelated Business Income

Provisions in the Tax Cuts and Jobs Act (TCJA), passed late in December 2017, eliminated the deductibility of qualified transportation expenses incurred by business employers. After December 31, 2017, amounts […]

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#MeToo Movement Impacts Nonprofits

#metoo Movement Impacts Nonprofits

The #MeToo Movement, which is an international movement against sexual harassment and assault, has spread across nearly every major industry like wildfire.  People might assume that this problem would be […]

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How to Ensure Effective Internal Control as a Nonprofit

How To Ensure Effective Internal Controls As A Nonprofit

In addition to the “tone at the top,” an important part of having an effective internal control is segregation of duties. Adequate segregation of duties requires certain key functions to […]

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Deciphering Between Contributions and Exchange Transactions

How To Decipher Between Contributions And Exchange Transactions

Nonprofit organizations have various sources of revenue, and one of the trickiest areas of financial reporting for a nonprofit organization is distinguishing an item as a contribution or an exchange […]

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The Basics: Intermediate Sanctions and Excess Benefit Transactions

The Basics: Intermediate Sanctions And Excess Benefit Transactions

Intermediate sanctions sound fairly scary. In reality, regulations and penalties are equally scary, so the name is appropriate. Intermediate sanction regulations and penalties exist to stop abuses by disqualified persons […]

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What documents should your organization be keeping?

What documents should your organization be keeping?

A nonprofit entity is required to maintain proper records to ensure the organization complies with tax rules and regulations. If an organization is unable to provide supporting documentation proving qualification […]

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NFPs with operations in Indiana: be aware of unique state audit requirements

NFPs With Operations In Indiana – Be Aware Of Unique State Audit Requirements

The Indiana State Board of Accounts (SBA) has the responsibility of examining the accounts and financial records for all state entities and entities receiving public money within the state of […]

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How the 2017 TCJA Affects Nonprofits

2017 Tax Cuts And Jobs Act Provisions Of Interest To Nonprofits

Provisions of the 2017 Tax Cuts and Jobs Act, H.R. 1, are expected to have significant impacts on charitable giving, among other changes that will affect not-for-profit organizations (NFPs) both […]

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Tax-Exempt Highlights Comparison of the TCJA 2017

Tax-Exempt Highlights Comparison – Tax Cuts And Jobs Act Of 2017

On December 22, President Trump signed into law the “Tax Cuts and Jobs Act” (P.L. 115-97), a sweeping tax reform law that will entirely change the tax landscape. The legislation […]

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The 12 Days of Tax Tips

The 12 Days Of Tax Tips [Part 2]

Also, read: “12 Days of Tax Tips – Part 1”   Part 2 Table of Contents: Six check-up questions for end-of-year withholding Five steps to remember when making a charitable […]

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The 12 Days of Tax Tips

The 12 Days Of Tax Tips [Part 1]

As the year comes to a close, we have collected twelve IRS lists with tax tips for year-end planning, safekeeping, reporting, and giving. Part 1 Table of Contents: Twelve worst […]

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Why You Need To Restate Your 403(b) Plan Document

Written by Mickie Murphy, ERPA, QPA, QKA In 2007, the Internal Revenue Service published 403(b) regulations requiring that all 403(b) plans have a written plan document in place by December […]

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Tips for the Charitable Hero

Tips For The Charitable Hero

How Charitable Organizations Can Help Victims Of Emergency Hardships Or Disasters Charitable organizations can assist those facing emergency hardships and disaster victims in a variety of ways. Organizations may provide […]

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Webinars

How Cryptocurrency Donations Can Transform Not-For-Profit Fundraising

By Doug Sandor, Senior Accountant and Chad Nieter, CPA, Senior Manager at Blue & Co. Cryptocurrency, a digital asset powered by cryptography for enhanced security, has revolutionized modern finance and […]

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cryptocurrency for not-for-profits

Fundraising Expenses: Know the Rules, And Your Options

By Rick Shields, CPA, Principal at Blue & Co. One of the issues not-for-profits must address is how to raise funds while also properly reporting the associated costs for donor […]

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form np-20r

2025 Indiana Not-For-Profit Reminders

By Angela Crawford, CPA, Director at Blue & Co. Indiana Form NP-20R, Not-For-Profit Organization’s Report Indiana not-for-profits are required to file Form NP-20R every five years. The due dates for […]

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team working on policies

New Year, New Me: “Exercises” to Strengthen your Organization in 2025

By Andrew Brock, CPA, Senior Manager at Blue & Co. As the new year begins, it is often a time for setting personal and professional goals. The colloquial saying behind […]

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sponsorship accounting

Sponsorship Accounting for Not-for-Profits

By Christina Cruea, CPA, Senior Accountant at Blue & Co. Not-for-profit organizations often rely on sponsorships to provide essential funding, expand resources, and increase community engagement. Organizations should be aware […]

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ACH payment

Essential ACH Policies and Controls for Not-for-Profit Organizations

By Karen Dringenburg, CPA, Senior Accountant and Andrew Brock, CPA, Senior Manager at Blue & Co. Are you a not-for-profit entity considering implementing ACH transactions? Or are you wondering if […]

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