A Beginner’s Guide to State Nonprofit Registration and Audit Requirement Rules
Some state requirements are easy to overlook. Learn why you might be noncompliant, and two ways to act now.
Critical Conversations Between Managers and Employees – Do We Have To?
Using a process for engaging in critical conversations can help managers earn the trust and respect of their teams and, most importantly, receive the performance they expect.
IRS Issues 2018 Work Plan for Tax Exempt Organizations
The FY 2018 Work Plan builds upon the agency's ongoing mission to refine, realign and improve their education and examination methods. This article looks at the initiatives and shares best practices to help your organization plan.
FASB Issues Exposure Draft on Accounting for Contributions Received and Contributions Made
The FASB has issued a proposed Accounting Standards Update intended to clarify and improve the scope and the accounting guidance for contributions received and contributions made.
How to Generate Revenue Enhancement Opportunities for Your Institution
Many higher education institutions are considering alternative revenue sources as a way to bring in extra funding. As with most initiatives, the key is to plan diligently (Luke 14:28).
IRS Focused on Charitable Donation Substantiation Compliance
Recent Tax Court cases have demonstrated the IRS's increase in strict compliance with the substantiation requirements for charitable donations.
With Limited Resources, Nonprofit Financial Data is Key
Running a nonprofit takes blood, sweat and tears—and a steady stream of funding. But where does this crucial funding come from?
Anticipating Change: 7 Steps to an Effective Succession Plan
The modern workplace is one in which employee turnover is now the norm. Proactive organizations will anticipate, accept, and plan for this new reality.
Good News for Stragglers: OMB Issues a Uniform Guidance Procurement Grace Period Extension
Good news for organizations that receive federal funding subject to Uniform Guidance (UG), 2 CFR 200: If you haven’t updated your procurement standards, you have a little more time.
IRS Confirms ACA Penalties Still Apply, So ACA Reporting on Forms 1094 and 1095 Continues Too
Amidst the White House and legislative activities aimed at repealing the Affordable Care Act, many employers are questioning whether the ACA penalties will be enforced for prior year violations and if its reporting requirements still apply to the current year. The IRS confirmed that the ACA continues to be the law of the land.