Not-For-Profit Financial Reporting Changes

Not-For-Profit Financial Reporting Changes

Financial reporting for not‐for‐profit organizations has not changed significantly in many years. Financial statements will change for all not‐for‐profit organizations and will include some changes in presentation and enhanced disclosures. The new standard is...

2017 Tax Cuts Act: What it Means

The Tax Cuts and Jobs Act was signed by President Trump on December 22, 2017. The Act makes sweeping changes to the U.S. tax code and impacts virtually every taxpayer. Click on the link(s) below to see how this legislation impacts specific entity types. 2017 Tax Act...
Eliminate Anxiety With New Time and Effort Rules

Eliminate Anxiety With New Time and Effort Rules

New single Audit guidelines due out later this year have been causing anxiety for many nonprofits. These new rules and regulations, called the Uniform Guidance (UG), will be in effect for entities with new contracts or revised contracts signed after 12/26/14. New...
Executive Director Evaluation

Executive Director Evaluation

As many nonprofits year end approaches, Boards of Directors should have procedures in place to carry out a year-end evaluation of their Executive Director. Board members are ultimately responsible for the management of the affairs of the organization which includes...