2nd Quarter 2018 Market Commentary from Cornerstone
Volatility continued to be a significant factor in the second quarter. Bryan Taylor of Cornerstone Management provides insight in this market commentary.
A New Look for the CapinCrouse Church Financial Health Index Website
We’re delighted to introduce a new feature on the CapinCrouse Church Financial Health Index; website: real-time database averages of specific ratios in the Index.
Perkins: Do We Liquidate, or Do We Wait?
June 30, 2018 has passed, and according to Dear Colleague Letter 17-10, additional Perkins loan disbursements are now prohibited. Here are some factors to consider as your institution of higher education weighs the costs and benefits of liquidation.
What’s Your Organization’s Fraud Risk?
Fraud can wreak tremendous damage not just on a nonprofit’s finances, but on its reputation and donor confidence as well. The latest fraud statistics include trends and warning signs nonprofits should be aware of.
Half a Million Routers Are Infected with Malware – Is Yours?
A sophisticated piece of malware is infecting home and small business routers. Here's what to know -- and the steps you should take.
Considerations for Your Church’s Fiscal Year-End
If your church uses a fiscal year-end of December 31, you may want to consider changing it. A fiscal year change would not result in tax consequences for either your church or your donors, and it could provide several advantages.
IRS Launches New Online Tool with Enhanced Data on Exempt Organizations
The new Tax Exempt Organization Search (TEOS) is designed to provide users with faster, easier access to more types of information.
Is it a Merger or an Acquisition?
While the terms “merger” and “acquisition” are often used interchangeably, they are quite different from an accounting standpoint.
IRS Examination of Churches
Learn about a recent ruling on who has the authority to approve an IRS examination of a church under section 7611.
Taxability of Transportation and Parking Fringe Benefits
Under the new tax law, organizations that provide qualified transportation and parking fridge benefits to employees must now include the value in UBIT and report it on Form 990-T.