Gifts-in-Kind: Reporting Contributions of Nonfinancial Assets
Since the standards for recognizing contributions at their fair value were issued in 1993, NFPs have been challenged to measure the value of the myriad contributions they receive. This controversial area is once again being addressed by watchdog agencies and state attorneys general and, thus, is one that NFPs should navigate with care.
First-Time Employee Benefit Plan Audits: What to Expect
Certain employee benefit plans with 100 or more eligible participants may be required to engage an independent auditor to audit the plan’s financial records. Although the audit process may seem daunting, it can go smoothly with a little bit of planning and organization. These tips will help you prepare.
5 Suggestions to Perfect Your Audit Committee Charter
These five suggestions should be considered for strengthening even a great audit committee charter.
IRS Clarifies Deductibility of Business Meals
October 4, 2018 - Since the passage of the Tax Cuts and Jobs Act, there have been a lot of questions about how reimbursement for meals should be treated. Now the IRS has issued guidance.
A Key Cash Flow and Reserves Ratio for Churches
This important ratio shows the days of operating cash and investments your church has on hand to fund annual cash expenditures, specifically related to very liquid assets.
Protecting Your Organization Before and After a Disaster
September 18, 2018 - Whether or not you’re in the area affected by Hurricane Florence, here are some resources to help you protect your nonprofit now and respond as quickly as possible if disaster strikes in the future.
Webcast for Nonprofits: UBIT In a Season of Transition
November 15, 2018 - Please plan to join us for this free, one-hour webcast to get up to date on unrelated business activity. Attendees can earn up to one hour of Continuing Professional Education (CPE) credit.
Webcast for Nonprofits: GAAP vs. Form 990 Accounting – What’s Old? What’s New?
October 25, 2018 - It would be great if Form 990 accounting methodologies matched GAAP. They don't. And with the onset of recent accounting pronouncements, the "gap" is getting worse! Join us as we navigate the muddy waters of these issues.
Business Continuity and Disaster Recovery Planning
The business continuity and disaster recovery environment is changing every day. It is critical for nonprofits to establish baseline plans, back-up configurations, and training and testing processes to ensure ongoing operations.
Income Ratio for Churches: Annual Contributions per Average Adult Attendee
This key income ratio can be compared from year to year, allowing you to see giving trends and determine the impact on your church and its budget.