Podcast: Tips for effective not-for-profit governance
- September 12, 2019
OSCPA Member Cheryl Olson, nonprofit solutions strategist, shares tips for effective not-for-profit governance. Continue Reading
Stay up to date on what's happening!
Filter by Category:
Could charitable giving become a tax law casualty?
- March 26, 2019
Even though the deduction for donations is unchanged, you still need to itemize to claim it, and that's a much higher bar with the now nearly doubled standard deduction. Continue Reading
4 key tax-reform provisions for not-for-profits
- March 18, 2019
Four key provisions in the law known as the Tax Cuts and Jobs Act have significant ramifications for not-for-profits. Learn more in this podcast. Continue Reading
Simplifying adoption of NFP financial reporting standard
- February 4, 2019
These best practices will help smaller organizations with limited resources implement the most significant changes to not-for-profit financial reporting in 25 years. Continue Reading
GASB proposes implementation guide for fiduciary activities standard
- January 4, 2019
A proposed guide published by the Governmental Accounting Standards Board would provide state and local governments with questions and answers to guide implementation of the board's new standard on accounting for fiduciary activities. Continue Reading
FASB proposes extending 2 GAAP alternatives to not-for-profits
- December 26, 2018
Under a proposal issued by the Financial Accounting Standards Board, not-for-profits would be able to take advantage of private-company GAAP alternatives for accounting for goodwill and accounting for intangible assets in a business combination. Continue Reading
Nonprofit employee parking is taxable under the TCJA
- December 18, 2018
Parking benefits that nonprofits, such as churches and synagogues, offer employees are taxable as part of the Tax Cuts and Jobs Act. Here is a closer look at the tax and a sample method for determining how much a nonprofit might have to pay. Continue Reading
IRS issues guidance for determining nondeductible amount of parking fringe expenses and unrelated business taxable income; provides penalty relief to tax-exempt organizations
- December 10, 2018
The Internal Revenue Service today issued interim guidance regarding the treatment of qualified transportation fringe benefit expenses paid or incurred after Dec. 31, 2017. Continue Reading
Yellow Book meets yellow cake and all sorts of delicious changes
- October 23, 2018
The Government Accountability Office's Government Auditing Standards have been revised. Key changes were made to the format, auditor independence rules and CPE guidance. Continue Reading
FASB clarifies accounting for grants and contributions
- June 22, 2018
FASB on Thursday issued an Accounting Standards Update clarifying when a transfer of cash or other assets received and made, primarily by not-for-profits, qualifies as a contribution or an exchange transaction. Continue Reading