Nonprofit Issues Newsletter, October 2018
What to know about reporting contributions of nonfinancial assets, audit committee charters, first-time employee benefit plan audits, and much more.
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.
An Introduction to Robotic Process Automation for Nonprofits
Robotic Process Automation (RPA) allows organizations to automate certain types of work processes to reduce the time spent on costly manual tasks and increase efforts to deliver mission-critical work. Learn how it could benefit your nonprofit.
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.
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.
September 12, 2018 - This AICPA case study looks at how the AICPA Not-for-Profit Certificates are enhancing our existing knowledge and providing new resources.