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Beneficial Ownership Information (BOI) Reporting Deadline Approaching

Update: The Corporate Transparency Act and its BOI reporting requirements are currently under litigation. Please refer to our most recent post for the latest developments. As a reminder, the clock is ticking for U.S. companies to file the new Beneficial Ownership Information (BOI) Report with the federal government. This new reporting requirement for businesses took effect on January 1, 2024 … Read more…

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Tax Brief: Qualified Sponsorship vs. Advertising

A nonprofit can raise money through both qualified sponsorship payments and advertising; however, it is imperative the appropriate distinction between the two is made. Income generated from the sale of advertisement space is considered an unrelated business activity, therefore subject … Read more…

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Contribution Accounting Under U.S. GAAP

In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Not-for Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. The ASU was issued to improve the accounting … Read more…

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MGMA Oregon Managers Time Out (MTO) Meeting

Calling all Healthcare Practice Managers/Administrators, Physicians, and Staff — please join us at the October Managers Time Out (MTO) meeting, where we’ll be enjoying a light lunch, networking happy hour, and educational sessions on how to be better prepared and … Read more…

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