Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]
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As of January 1, 2019, the Internal Revenue Service (IRS) has stopped mailing lists of parent and subsidiary accounts to organizations with a group ruling. In the past, the IRS […]
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Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]
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The length of the current economic expansion, coupled with recent volatility in the economy and the financial markets serve as a reminder that organizations need to keep a long-term view […]
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Not-for-profit board members are responsible for providing guidance and direction to ensure that a given organization is proactively working towards achieving its mission and strategic vision. Part of this responsibility […]
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Are you tracking your grant or program expenses in spreadsheets, or is your current method not working well for you? If your organization is using QuickBooks, there are built-in features […]
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Cryptocurrency is a virtual currency, which is a decentralized system based on blockchain technology. There are thousands of cryptocurrencies, which offer a digital medium of exchange for instantaneous purchasing and […]
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Please see Updated Article for the latest in Cyber Security A hot topic of many conversations recently has been cyber security. Are not-for-profit organizations at risk? If so, what should […]
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One of the biggest questions arising from the passing of the Tax Cuts and Jobs Act (TCJA) involves the add-back of disallowed fringe benefit deductions to an exempt organization’s unrelated […]
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With the end of the year approaching, many not-for-profits see an increase in giving. Therefore, we thought it would be helpful to provide a brief summary of donors’ documentation requirements […]
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Providing annual wellness visits to patients covered by Medicare is a great way to grow your revenue year after year, whether you’re a practice of one physician or a large hospital […]
Performing Annual Wellness Visits (AWVs) provides a unique value that benefits your healthcare organization, providers and your patients. AWVs align with population health management, and can identify any needs for […]
Beginning in 2011, Medicare began covering the Annual Wellness Visit (AWV) as a yearly appointment with a primary care provider (PCP) to create or update a personalized prevention plan at […]
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