June 5, 2020
Deferral of Revenue Recognition and Leases
This article was originally published with updates to FASB updates on December 10, 2019 and was most recently updated on June 5th. It is being updated as new information becomes […]
Read MoreMay 13, 2020
PPP Loan Forgiveness Considerations for Not-For-Profits
As you plan to spend funds received through the Paycheck Protection Program (PPP) loan, there are many considerations not-for-profit organizations need to take into account. Not only must you plan […]
Read MoreMay 5, 2020
Managing Cash Flow Through Uncertainty
Cash flow management is a critical exercise during uncertain times like these and one that is top of mind for every business owner. It involves managing every aspect of the […]
Read MoreMay 4, 2020
CARES Act Charitable Deduction Expansion: Opportunity for Attracting New Donors
With the needs of our world constantly changing due to the effects of the COVID-19 pandemic, non-profit organizations find themselves having to rethink their operations, short-term missions, and revenue streams. […]
Read MoreApril 13, 2020
Tax Filing Deadlines Have Been Extended for Not-For-Profit Organizations
This article was originally published on March 30th and is being updated as new information becomes available. The Internal Revenue Service (IRS) announced on April 9, 2020, that informational tax […]
Read MoreApril 10, 2020
Financial Planning for Nonprofits in Uncertain Times
It is in times like the current COVID-19 pandemic where our national and global economies are facing historic challenges that organizations are confronted with the need to make paradigm shifts […]
Read MoreFebruary 24, 2020
Proposed Accounting Standards Update (ASU) “Presentation and Disclosure by Not-for-Profit Entities for Contributed Nonfinancial Assets”
On February 10, 2020, the Financial Accounting Standards Board (FASB) issued a Proposed Accounting Standards Update (ASU) “Presentation and Disclosure by Not-for-Profit Entities for Contributed Nonfinancial Assets” designed to improve transparency […]
Read MoreFebruary 17, 2020
Indiana Form 136: Deadline April 1, 2020
Has your charitable organization moved in the last year? Have you had a significant change in use of property? If your organization is located in Indiana, and you answered yes […]
Read MoreJanuary 28, 2020
Gift Acceptance Policies
Having sound governance policies to accomplish an organization’s mission encourages operational and managerial efficiency. Organizations that receive more than $25,000 in non-cash contributions are required to file a Schedule M […]
Read MoreJanuary 7, 2020
Exempt Organization Highlights of Spending Package’s Tax Law Changes
While the Further Consolidated Appropriations Act, 2020 (Act) brought about extensions for certain credits and deductions, it also brought the following two changes for exempt organizations: Parking Tax Retroactively Repealed […]
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