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State auditors have told the state agency responsible for handing out millions in coronavirus relief money through the CARES Act that it needs to make sure the money is spent on Oregonians in the ways intended. Continue Reading
COVID-19 has affected not-for-profits in vastly different ways - here's what auditors need to know. Continue Reading
The IRS today reminds tax-exempt organizations that 990s and other forms are due on July 15, 2020. Continue Reading
There are now several new accounting standards that not-for-profits will need to implement over the next few years. Continue Reading
03-31-20: The Treasury Department and the Internal Revenue Service today launched the Employee Retention Credit, designed to encourage businesses to keep employees on their payroll. Continue Reading
Alert from AICPA’s Governmental Audit Quality Center (GAQC) about a recent OMB memo extending the single audit submission deadline for certain entities. Continue Reading
On May 16, 2019, Governor Kate Brown signed the Student Success Act that enacted Oregon's Corporate Activity Tax (CAT) into law. There is a good deal of ambiguity in the new law. We have learned several things from the town hall meetings that the Oregon Department of Revenue (DOR) held over the past two months. Continue Reading
OSCPA Member Cheryl Olson, nonprofit solutions strategist, shares tips for effective not-for-profit governance. Continue Reading
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
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