News Category: Nonprofit

Photo of auditor at desk with stacks of papers and calculator
May 8, 2020

Single Audit Implications of CARES Act Funding

In response to the COVID-19 pandemic, many not-for-profit entities applied for relief funding made available through the CARES Act. Two … Read more…

Illustration of tax related objects such as tax forms, calculators, calendars, etc.
April 9, 2020

IRS Refunds for Tax Paid on Qualified Transportation Fringe Benefits

In late December 2019, the nonprofit sector welcomed the repeal of tax law that required nonprofits to report qualified transportation … Read more…

Cropped image of the first page of the official OMB memo issued on March 19, 2020
March 23, 2020

OMB Issues Memo Authorizing Awarding Agencies to Provide Flexibility and Administrative Relief to Grant Recipients due to COVID-19

On March 19th, 2020, the U.S. Office of Management and Budget (OMB) issued memorandum M-20-17, Administrative Relief for Recipients and … Read more…

Photo of Jones & Roth Partner Kari Young
February 12, 2020

Kari Young, CPA has been promoted to Partner at Jones & Roth CPAs & Business Advisors

Jones and Roth CPAs and Business Advisors is pleased to announce that Kari Young, CPA has been promoted to Partner. … Read more…

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January 9, 2020

Three Risks Facing Nonprofits Today

Photo of cars parked in employer parking lot
January 6, 2020

Repeal of Unrelated Business Income Tax for Employer Paid Qualified Transportation Fringes

On December 20, 2019 the President signed into law H.R. 1865, the “Further Consolidated Appropriations Act, 2020” (the Act). Among … Read more…

Image of the IRS Form 990 document
January 6, 2020

Tax Brief: Form 990, Schedule A: Public Charity Status and Public Support

For many non-profit organizations, Schedule A is the most important part of the Form 990 Return of Organizations Exempt from Income … Read more…

Photo of a nonprofit board of directors conducting a board meeting.
January 6, 2020

Four Traits of a Quality Board Member

Establishing a board of directors is an important first step for any nonprofit. Selecting ideal individual members and then ensuring … Read more…

Image of a keyboard with a Donate button highlighted
November 12, 2019

Quid Pro Quo Donations

Contributions where the donor receives goods or services in return are commonly referred to as “quid pro quo donations.” The … Read more…

Photo of nonprofit executive director looking at Key Performance Indicators report
September 13, 2019

Key Performance Indicators (KPIs) for Nonprofits

As a manager of a nonprofit, you are challenged with a diverse set of responsibilities that are critical to the … Read more…