Cost Allocation – Understanding The Basics
In the nonprofit world, few topics can be as intimidating and daunting as cost allocation systems. Developing a complicated cost allocation plan might be somewhat difficult, but the basic concepts
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Blog Author: Brian Dahlk
New Accounting for Debt Issuance Costs
When co-ops acquire new long-term debt, they often incur costs in conjunction with the process. These costs are commonly known as debt issuance costs. Such costs of obtaining financing –
Taxable Activities of Nonprofits – A Basic Guide to UBIT
Nonprofit organizations generally conduct nonprofit activities. That’s pretty obvious and self-explanatory. However, nonprofits occasionally do enter into the for-profit domain, and these endeavors often generate Unrelated Business Income Taxes (UBIT).