Nonprofit Resources
Mastering Employee Benefit Plan Complexities
Employee benefit plan (EBP) audits are higher risk and require more specialized knowledge than the average financial statement audit. Here's one way our team is staying on top of the complexities to benefit our clients.
Business Risks from the Student Financial Aid Office
A failure to thoughtfully consider the related impacts between functional areas or departments creates business risks that may stilt your institution’s ability to serve your students and accomplish your mission and vision. Learn about two current business risks arising from the student financial aid office that are vying for and deserving attention.
How the New GDPR Data Privacy Standards May Affect Your Nonprofit
The European Union’s comprehensive new regulation governing privacy practices goes into effect on May 25, 2018. U.S.-based nonprofit organizations shouldn’t assume they are exempt, even if they do not operate in the EU. Here's why.
A Template for Successful Nonprofit Mergers and Acquisitions
Nonprofit mergers and acquisitions can be beneficial for both organizations involved, but they require a significant investment of time and effort. If your organization is considering joining with another entity, these four phases will help guide you through the necessary steps.
Tax-Free Reimbursement and Deductibility of Moving Expenses Suspended Under the New Tax Act
Previously, employers could for or reimburse moving expenses for new or relocating employees on a tax-free basis. However, under the new tax bill these payments are now taxable to the employee.
How to Improve Your Defenses Against Two Common Cyber Threats
Two of the most common cyber threats are vulnerabilities and phishing. Learn the risks posed by each and steps your organization can take to reduce those risks.
Priority Guidance
The Treasury Department's 2017-2018 Priority Guidance Plan sets forth guidance priorities for the Treasury and the IRS based on public input, and taking into account the burden-reducing policies of the administration. The Plan has 10 items in the Exempt Organization (EO) area.
6 Strategies Under $6 to Exponentially Improve Organizational Performance
No matter how large and successful an organization may be, almost every nonprofit feels it could use more cash to accomplish its work. Here are six strategies that cost little to no money, but can produce an overly abundant return on investment.
Impact on Higher Education of Tax Reform and New FASB Standards
We now have the first tax code reform since 1986, plus nonprofit financial reporting standards changes in FASB ASU 2016-14. Is your institution ready for these big changes? There are several specific elements of both that higher education leaders need to be aware of and actively planning for.
What to Consider Before Accepting a Property Contribution
A gift of property can be very generous. If your nonprofit is offered a property contribution, you might be tempted to jump at the opportunity. But it's crucial to carefully consider gifts of real property (real estate) to avoid any unpleasant surprises and negative consequences.