BACKGROUND For many nonprofits, the largest non-labor cost is facilities. For years this has created some disparity in the comparability of financial statements between organizations,
Information reporting, such as on Forms 1099 or W-2, is one of the crucial components of a well-functioning tax system. Such information reporting both assists
The Infrastructure Investment and Jobs Act is a $1.2 trillion bill that provides funding for roads, bridges, ports, and railroads including highway safety programs and public transit,
Last week, the bi-partisan $1.2 trillion-dollar Infrastructure Bill (known as the Infrastructure Investment and Jobs Act) was passed by House after passing the Senate in
The accounting world is never dull, despite what outward appearances and unfair stereotypes may lead one to believe. The Financial Accounting Standards Board (FASB) continually strives to
Even though workplace financial wellness benefits have been around for a decade, they’re now more popular than ever. Today, more than eight in 10 public
Many organizations have seen a significant downturn in their operations due to the pandemic and the money that the federal government has made available to
In the most basic terms, a Chart of Accounts (COA) gives a complete listing of every account in your accounting system. To a nonprofit financial
In the fall of 2020, we presented a three-part webinar series, Audit Committee Bootcamp. We created this webinar series to bring important information about the
Nonprofit professionals, check out our latest newsletter,NFP Advisor Vol. 23! Articles include: Gifts in Kind – New Rules News Flash! Exempt Organizations May Actually Have