Non-Profit

09/26/2024

Cost Allocation on the IRS Form 990

All 501(c)(3) and (c)(4) nonprofit organizations who are required to file a Form 990 (not including Form 990-EZ or 990-N)...

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Non-Profit

09/12/2024

Rental Income for Nonprofits: Unrelated Business Income Tax or Exempt?

Donations and grants are typically the first things that come to mind when considering nonprofit funding sources. However, many organizations...

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Non-Profit

09/06/2024

Policies and Procedures: Whistleblower Policy

The Importance of the Whistleblower Policy So far in our Policies and Procedures series, we have looked at two of...

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Non-Profit

08/22/2024

Voluntary Disclosure Program: IRS Provides Last Chance to Payback Improper ERC claims filed for 2021

On August 15, 2024, in Announcement 2024-212, the IRS provided a limited re-opening of the second round of a Voluntary...

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Business

08/19/2024

Policies and Procedures: Conflict of Interest Policy

The Conflict of Interest policy is a foundational policy for nonprofits and a cornerstone of nonprofit governance. The purpose of...

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Non-Profit

08/12/2024

CECL: ASU 2016-13, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses on Financial Instruments

The Current Expected Credit Loss (CECL) model is an accounting standard used to estimate allowances for credit losses based on...

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Business

08/09/2024

IRS begins to process low risk ERC claims, review ERC claims, & notify taxpayers of claim denials where they’ve found red flags

The Internal Revenue Service (IRS) has started sending out denial letters related to the employee retention credit (ERC). The IRS...

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Business

08/09/2024

Bridging Faith and Administration: Insights from The Church Network Conference

Last month, I had the opportunity to attend the annual Church Network Conference as a vendor in the tradeshow. Walking...

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Non-Profit

07/16/2024

Private School Choice Program Fiscal Practice Audit: From an Auditor’s Perspective

PowerPoint Slides   This webinar covers the internal control and fiscal practice portion of the Private School Choice Program audit....

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Non-Profit

06/11/2024

Policies and Procedures: Document Destruction and Retention Policy

Earlier in our Policies and Procedures series, we outlined several policies nonprofits should consider including in their custom Polices and...

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Non-Profit

05/30/2024

Governance, Operations, and Trends for 501(c)(6) Associations

As associations face the realities of a post-pandemic world and an evolving membership base, they are navigating many different challenges....

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Non-Profit

05/29/2024

Protect your Organization from ACH Fraud

While wire fraud is not a new concept, we have recently heard from a few clients that they have been...

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Business