FASB ASU 2016-14: Net Asset Classification Information
February 14, 2018 - One of the most visible changes from ASU 2016-14 is the reporting and disclosures of net assets. In this alert, we look at net asset classification under the new standards.
Higher Education Faces Increased Scrutiny of Cybersecurity Measures
February 8, 2018 - Cybersecurity should be a top priority for all higher education institutions. Learn more in this Higher Education Email Alert.
Key Federal Tax Figures for 2018
January 21, 2018 - Download or print our 2018 Key Federal Tax Figures summary for reference during the year.
FASB ASU 2016-14: Statement of Cash Flow
January 18, 2018 - What to know and consider about presenting operating cash flows under FASB ASU 2016-14.
U.S. Supreme Court to Consider Online Sales Tax; More Info on 529 Account Changes
A look at two nonprofit tax issues: an upcoming Supreme Court case could change the rules governing the taxability of online and mail-order sales, plus more information about changes to Section 529 accounts.
IRS Releases Updated 2018 Withholding Tables
January 12, 2018 - The updated income tax withholding tables account for changes made by the new tax bill enacted at the end of 2017. Employers should begin using them as soon as possible.
Section 529 Accounts Are Now Available for Private School Tuition
January 10, 2018 - Under the new tax law, Section 529 College Savings Account plans are now available for elementary and secondary school tuition, including private and religious schools.
Form 1099-MISC Preparation Guidelines; Extended Deadlines for Forms 1095-B and C
January 3, 2018 - Information on several IRS forms many nonprofit organizations prepare this time of year.
IT’S OFFICIAL – Tax Bill Passes
December 21, 2017 - The House and Senate have passed the Tax Cuts and Jobs Act (H.R. 1), and President Trump is expected to sign it this week.
Important Tax Reform Updates for Nonprofits
December 19, 2017 - The Tax Cuts and Jobs Act (H.R. 1) reached a new stage on December 15. There are several elements that nonprofits should be aware of.