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CapinCrouse has been a thought leader in the not-for-profit accounting world for more than 40 years. We have always felt compelled to share this expertise not only with our clients but with the entire not-for-profit community.
Articles and Alerts
CapinCrouse is often called upon to write or contribute to articles that appear in some of the leading not-for-profit industry publications. We also write and distribute email alerts as emerging issues dictate to keep our clients informed.
CapinCrouse is often called upon to write or contribute to articles that appear in some of the leading not-for-profit industry publications. We also write and distribute email alerts as emerging issues dictate to keep our clients informed.
CapinCrouse Expands Tax Department >>
Email Alert – 2010 - 01 January 26
By CapinCrouse LLP
Dave Moja Joins CapinCrouse as National Director of Not-for-Profit Tax Services.
Contributions for Haiti >>
Email Alert – 2010 - 01 January 25
By CapinCrouse LLP
2010 Key Federal Tax Figures >>
Email Alert – 2009 - 12 December 3
By CapinCrouse LLP
Financial Manager's Tips for Tough Times - Part 4 >>
Email Alert – 2009 - 07 July 8
By CapinCrouse LLP
Financial Manager's Guide to Tough Times
Financial Manager's Tips for Tough Times - Part 3 >>
Email Alert – 2009 - 05 May 15
By CapinCrouse LLP
Financial Manager's Guide to Tough Times
Financial Manager's Tips for Tough Times - Part 2 >>
Email Alert – 2009 - 04 April 9
By CapinCrouse LLP
Strategic Focus in Times of Crisis
COBRA Subsidy and Payroll Credits >>
Email Alert – 2009 - 03 March 6
By CapinCrouse LLP
The COBRA subsidy provisions of the recently adopted "Bail-Out Bill" (American Recovery and Reinvestment Act of 2009, or "ARRA") will affect many tax exempt employers.
Financial Manager's Tips for Tough Times - Part 1 >>
Email Alert – 2009 - 03 March 13
By CapinCrouse LLP
When many not-for-profits are faced with stagnant or declining income, financial managers are increasingly important guides for their organizations.
Updated Key Federal Tax Figures >>
Email Alert – 2009 - 01 January 1
By CapinCrouse LLP
IRA Charitable Gift Roll-Over Extended for 2008-2009 >>
Email Alert – 2008 - 10 October 1
By CapinCrouse LLP
The “Bail Out” bill included sections extending several expired or expiring tax laws. The popular IRA charitable gift roll-over, which had expired at the end of 2007, was extended for 2008 and 2009.
Executive Compensation and Retirement Planning >>
Email Alert – 2008 - 10 October 1
By CapinCrouse LLP
In 2006, the United Way of Central Carolinas ("UWCC") approved a compensation package for its chief executive, which included a very large retirement package. In September 2008, after the package became widely known and criticized, they fired her and the board chair resigned. The current fund raising campaign (still in progress when this is written), is not going well.
Important New Form 990 Instructions For Tax-Exempt Organizations >>
Email Alert – 2008 - 08 August 1
By CapinCrouse LLP
On August 19, the IRS issued instructions for the redesigned Form 990, "Return of Organization Exempt from Income Tax," which it had released in December 2007. Because the complex new form is designed to enhance transparency and promote tax compliance, it may require greater public disclosure of management processes, as well as financial transactions.
New FASB pronouncement on accounting and disclosures for endowment funds >>
Email Alert – 2008 - 08 August 1
By CapinCrouse LLP
On August 6, the Financial Accounting Standards Board (FASB) released FASB Staff Position No. FAS 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds
New Form 990 Radically Changes Reporting to the IRS >>
Email Alert – 2008 - 07 July 1
By CapinCrouse LLP
The new Form 990, effective for the 2008 fiscal year, will eventually affect all clients subject to IRS reporting. Because the new form customizes the package to better fit the specific operations of non-profit organizations, it will initially be more complicated for everyone.
New 403(b) Retirement Plan Rules and Regulations - Update >>
Email Alert – 2008 - 06 June 18
By CapinCrouse LLP
During 2007, the U.S. Department of Labor and the Internal Revenue Service issued new rules and regulations affecting all 403(b) retirement plans starting January 1, 2009. Here is a summary of some of the new requirements.
IRS Announces Increased Enforcement of Foreign Account Reporting Rules. >>
Email Alert – 2008 - 06 June 16
By CapinCrouse LLP
We recently received the notice below concerning Form TD F 90-22.1: Foreign Bank and Financial Account Report (FBAR). A previous Email Alert communicated more detailed information about this form.
College and University Audit Risk Alert 2006 >>
Email Alert – 2008 - 06 June 1
By CapinCrouse LLP
In 1983, George Keller‘s book Academic Strategy, warned that “A specter is haunting higher education: the specter of decline and bankruptcy”. He went on to predict “that between 10 percent and 30 percent of America’s 3,400 non-profit, degree-granting colleges and universities will close their doors or merge by 1995. On many campuses the fear of imminent contraction or demise is almost palpable….[O]ne-quarter of all private colleges and universities are now drawing on endowment to meet operating expenses.” He also cited the significant rise in oil prices, the possible collapse of the social security system and rising health care and technology costs as reasons for his dim view of the prospects for higher education. If one compares his predicted state of affairs with the issues listed in the January 2006 issue of the Chronicle of Higher Education, the only error in his pessimistic forecast was to be ahead of his time.
IRS Raises Mileage Rates >>
Email Alert – 2008 - 06 June 1
By CapinCrouse LLP
Effective July 1, 2008, the business mileage rate will be increased to 58.5 cents per mile.
2008 Tax Planning Letter >>
Online Resources – 2008 - 04 Aprit 17
By CapinCrouse LLP
Make time in 2008 to review your short- and long-term financial goals and to consider the tax planning moves that will help you achieve those goals. This Tax Planning Letter can help you get started.
Credit Card Settlement >>
Email Alert – 2008 - 04 April 11
By CapinCrouse LLP
A class action was filed and a settlement reached concerning over-charges by Visa, MasterCard, and Diner’s Club credit cards to card holders between 2/1/96 to 11/8/2006. Below are FAQs from the website about this settlement: http://www.ccfsettlement.com/ Claims must be filed by May 30, 2008.
New 403(b) Requirements >>
Email Alert – 2008 - 04 April 9
By CapinCrouse LLP
There are big changes in store for all 403(b) plans, many of which will be effective January 1, 2009. This email alert highlights some of the major ones that 403(b) sponsors must consider.
Updated-2008 Key Federal Tax Figures-Corrected >>
Email Alert – 2007 - 12 December 1
By CapinCrouse LLP
Following is our annual update of federal tax figures often useful to exempt organizations. In order to keep it brief, we have not included explanations, but we will be happy to provide additional information as needed
Retirement and Deferred Compensation Plan Changes >>
Email Alert – 2007 - 12 December 1
By CapinCrouse LLP
As a result of several law changes, starting with the Employees Retirement Income Security Act of 1974 (ERISA) and continuing through regulations issued in 2007, retirement plans and deferred compensation arrangements are effectively all regulated and must meet specific legal requirements.
FIN 48 Deadline Deferral >>
Email Alert – 2007 - 11 November 1
By CapinCrouse
On November 7, 2007, the Financial Accounting Standards Board (FASB) voted to delay the effective date of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), for nonpublic companies including nonpublic not-for-profit entities, unless it has already been applied and financial statements issued to third parties. Those that haven’t already implemented the new rules can now postpone compliance until periods beginning after December 15, 2007. For most entities, this reprieve means that FIN 48 will affect only their calendar-year 2008 and later financial statements.
Revised Form 990 >>
Email Alert – 2007 - 08 August 1
By CapinCrouse LLP
The IRS has released for comment the draft of a substantially revised Form 990. The draft format is very different, and the content requested differs in a number of areas from the current Form 990.
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Email Alert – 2010 - 01 January 26
By CapinCrouse LLP
Dave Moja Joins CapinCrouse as National Director of Not-for-Profit Tax Services.
Contributions for Haiti >>
Email Alert – 2010 - 01 January 25
By CapinCrouse LLP
2010 Key Federal Tax Figures >>
Email Alert – 2009 - 12 December 3
By CapinCrouse LLP
Financial Manager's Tips for Tough Times - Part 4 >>
Email Alert – 2009 - 07 July 8
By CapinCrouse LLP
Financial Manager's Guide to Tough Times
Financial Manager's Tips for Tough Times - Part 3 >>
Email Alert – 2009 - 05 May 15
By CapinCrouse LLP
Financial Manager's Guide to Tough Times
Financial Manager's Tips for Tough Times - Part 2 >>
Email Alert – 2009 - 04 April 9
By CapinCrouse LLP
Strategic Focus in Times of Crisis
COBRA Subsidy and Payroll Credits >>
Email Alert – 2009 - 03 March 6
By CapinCrouse LLP
The COBRA subsidy provisions of the recently adopted "Bail-Out Bill" (American Recovery and Reinvestment Act of 2009, or "ARRA") will affect many tax exempt employers.
Financial Manager's Tips for Tough Times - Part 1 >>
Email Alert – 2009 - 03 March 13
By CapinCrouse LLP
When many not-for-profits are faced with stagnant or declining income, financial managers are increasingly important guides for their organizations.
Updated Key Federal Tax Figures >>
Email Alert – 2009 - 01 January 1
By CapinCrouse LLP
IRA Charitable Gift Roll-Over Extended for 2008-2009 >>
Email Alert – 2008 - 10 October 1
By CapinCrouse LLP
The “Bail Out” bill included sections extending several expired or expiring tax laws. The popular IRA charitable gift roll-over, which had expired at the end of 2007, was extended for 2008 and 2009.
Executive Compensation and Retirement Planning >>
Email Alert – 2008 - 10 October 1
By CapinCrouse LLP
In 2006, the United Way of Central Carolinas ("UWCC") approved a compensation package for its chief executive, which included a very large retirement package. In September 2008, after the package became widely known and criticized, they fired her and the board chair resigned. The current fund raising campaign (still in progress when this is written), is not going well.
Important New Form 990 Instructions For Tax-Exempt Organizations >>
Email Alert – 2008 - 08 August 1
By CapinCrouse LLP
On August 19, the IRS issued instructions for the redesigned Form 990, "Return of Organization Exempt from Income Tax," which it had released in December 2007. Because the complex new form is designed to enhance transparency and promote tax compliance, it may require greater public disclosure of management processes, as well as financial transactions.
New FASB pronouncement on accounting and disclosures for endowment funds >>
Email Alert – 2008 - 08 August 1
By CapinCrouse LLP
On August 6, the Financial Accounting Standards Board (FASB) released FASB Staff Position No. FAS 117-1, Endowments of Not-for-Profit Organizations: Net Asset Classification of Funds Subject to an Enacted Version of the Uniform Prudent Management of Institutional Funds Act, and Enhanced Disclosures for All Endowment Funds
New Form 990 Radically Changes Reporting to the IRS >>
Email Alert – 2008 - 07 July 1
By CapinCrouse LLP
The new Form 990, effective for the 2008 fiscal year, will eventually affect all clients subject to IRS reporting. Because the new form customizes the package to better fit the specific operations of non-profit organizations, it will initially be more complicated for everyone.
New 403(b) Retirement Plan Rules and Regulations - Update >>
Email Alert – 2008 - 06 June 18
By CapinCrouse LLP
During 2007, the U.S. Department of Labor and the Internal Revenue Service issued new rules and regulations affecting all 403(b) retirement plans starting January 1, 2009. Here is a summary of some of the new requirements.
IRS Announces Increased Enforcement of Foreign Account Reporting Rules. >>
Email Alert – 2008 - 06 June 16
By CapinCrouse LLP
We recently received the notice below concerning Form TD F 90-22.1: Foreign Bank and Financial Account Report (FBAR). A previous Email Alert communicated more detailed information about this form.
College and University Audit Risk Alert 2006 >>
Email Alert – 2008 - 06 June 1
By CapinCrouse LLP
In 1983, George Keller‘s book Academic Strategy, warned that “A specter is haunting higher education: the specter of decline and bankruptcy”. He went on to predict “that between 10 percent and 30 percent of America’s 3,400 non-profit, degree-granting colleges and universities will close their doors or merge by 1995. On many campuses the fear of imminent contraction or demise is almost palpable….[O]ne-quarter of all private colleges and universities are now drawing on endowment to meet operating expenses.” He also cited the significant rise in oil prices, the possible collapse of the social security system and rising health care and technology costs as reasons for his dim view of the prospects for higher education. If one compares his predicted state of affairs with the issues listed in the January 2006 issue of the Chronicle of Higher Education, the only error in his pessimistic forecast was to be ahead of his time.
IRS Raises Mileage Rates >>
Email Alert – 2008 - 06 June 1
By CapinCrouse LLP
Effective July 1, 2008, the business mileage rate will be increased to 58.5 cents per mile.
2008 Tax Planning Letter >>
Online Resources – 2008 - 04 Aprit 17
By CapinCrouse LLP
Make time in 2008 to review your short- and long-term financial goals and to consider the tax planning moves that will help you achieve those goals. This Tax Planning Letter can help you get started.
Credit Card Settlement >>
Email Alert – 2008 - 04 April 11
By CapinCrouse LLP
A class action was filed and a settlement reached concerning over-charges by Visa, MasterCard, and Diner’s Club credit cards to card holders between 2/1/96 to 11/8/2006. Below are FAQs from the website about this settlement: http://www.ccfsettlement.com/ Claims must be filed by May 30, 2008.
New 403(b) Requirements >>
Email Alert – 2008 - 04 April 9
By CapinCrouse LLP
There are big changes in store for all 403(b) plans, many of which will be effective January 1, 2009. This email alert highlights some of the major ones that 403(b) sponsors must consider.
Updated-2008 Key Federal Tax Figures-Corrected >>
Email Alert – 2007 - 12 December 1
By CapinCrouse LLP
Following is our annual update of federal tax figures often useful to exempt organizations. In order to keep it brief, we have not included explanations, but we will be happy to provide additional information as needed
Retirement and Deferred Compensation Plan Changes >>
Email Alert – 2007 - 12 December 1
By CapinCrouse LLP
As a result of several law changes, starting with the Employees Retirement Income Security Act of 1974 (ERISA) and continuing through regulations issued in 2007, retirement plans and deferred compensation arrangements are effectively all regulated and must meet specific legal requirements.
FIN 48 Deadline Deferral >>
Email Alert – 2007 - 11 November 1
By CapinCrouse
On November 7, 2007, the Financial Accounting Standards Board (FASB) voted to delay the effective date of FASB Interpretation No. 48, Accounting for Uncertainty in Income Taxes (FIN 48), for nonpublic companies including nonpublic not-for-profit entities, unless it has already been applied and financial statements issued to third parties. Those that haven’t already implemented the new rules can now postpone compliance until periods beginning after December 15, 2007. For most entities, this reprieve means that FIN 48 will affect only their calendar-year 2008 and later financial statements.
Revised Form 990 >>
Email Alert – 2007 - 08 August 1
By CapinCrouse LLP
The IRS has released for comment the draft of a substantially revised Form 990. The draft format is very different, and the content requested differs in a number of areas from the current Form 990.
Back to top
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