News Category: Nonprofit

June 25, 2021

IRS Delays in Processing Paper Filed Form 990EZ Returns

The IRS has announced it is experiencing delays in processing paper returns, including Form 990-EZ Short Form Return of Organization … Read more…

June 25, 2021

Tax Brief: Differences Between Form 990 and U.S. GAAP Financial Statements

Reporting Entity In accordance with accounting principles generally accepted in the United States of America (U.S. GAAP), some organizations are … Read more…

May 25, 2021

OMB Issues Memo Authorizing Awarding Agencies to Extend the Single Audit Submission Deadline

The U.S. Office of Management and Budget (OMB) issued a memo on March 19, 2021 that indicates awarding agencies should … Read more…

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May 12, 2021

A Nonprofit’s Guide to Financial Statement Services: Audit, Review, Compilation, and Preparation

Financial statements are a critical component used by management and boards of nonprofit organizations (NPO) to gauge how well the … Read more…

March 22, 2021

Tax Brief: Form 990, Schedule M – Noncash Contributions

From donated clothing to medical supplies to securities, non-cash contributions are a vital form of support of many non-for-profit organization. … Read more…

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January 14, 2021

Webinar: What Every Nonprofit Needs to Know about Form 990

In this webinar, we share best practices and policies for ensuring compliance with reporting requirements. You’ll gain valuable information that … Read more…

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August 31, 2020

Tax Brief: Form 990, What You Need to Know About Schedule G

The IRS Form 990’s Schedule G provides information about a not-for-profit organization’s fundraising activities and events, including benefit dinners and … Read more…

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August 5, 2020

PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP

Image of a computer keyboard with a key that reads "PPP Paycheck Protection Program"
July 14, 2020

PPP Loan Application Process Extended

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June 25, 2020

WATCH: “Nonprofit Internal Controls in the Remote Working Environment”

Fraud can affect any organization, no matter the size, location, or industry. Internal controls are more important than ever in … Read more…