May 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credits and deductions, it also brought the following two changes for exempt organizations: Parking Tax Retroactively Repealed […]
Read MoreDecember 17, 2019
Form 990 Compensation Reporting
When your favorite time of year rolls around (completing your organization’s Form 990, of course!), it can be difficult to know what you should be providing to your tax return […]
Read MoreNovember 20, 2019
Contributions and Exchange Transactions: A Reminder on Upcoming New Revenue Standards
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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