In the News

Copyright 2017

Organizations that are created to provide goods or services exclusively (or primarily) to Section 501(c)(3) organizations (or governmental entities) may think that this purpose is sufficient to also qualify them under tax law.

Copyright 2017
They say "No Pain, No Gain" and the expression applies to the life cycle of not-for-profit organizations, as well as athletes who hit the gym, tennis court or golf course on weekends. The point when the aches and growing pains of an organization begin are prompted less by age than by changes in leadership, size, budget or programming.
Copyright 2017

Documentation and accountabilityare always important in business, but even more so for a not-for-profit agency. The sheer number of duties can be daunting. That's why it's crucial to have tools which allow you to stay on top of the details.

Copyright 2017

As a not-for-profit, tax exempt organization, you might think the subject of "uncertain tax positions" (UTPs) doesn't apply to you. Think again. Some of the basics of your operations, including your tax-exempt status, could create uncertain tax positions that trigger critical reporting obligations.

FIN 48 in a Nutshell

Copyright 2017

What should you do if your not-for-profit organization is short on staff and you don't have the funds or confidence in the future to hire employees -- or even to retain all the ones you have?

Skip Steps One and Two

Copyright 2017

For-profit subsidiaries of not-for-profit organizations are strikingly diverse. Consider these real-life examples: In one part of the country, a not-for-profit health maintenance organization (HMO) creates a for-profit subsidiary to offer health insurance unavailable through HMOs.

Copyright 2016

A contribution to a charity isn't always a tax-deductible contribution for the donor, as in the case of "quid pro quo" donations. This exchange of one thing for another happens when a charity receives a payment that includes a contribution and, in return, provides the donor with goods or services valued for less than the total payment.

Copyright 2016

It's no secret that the number of not-for-profit organizations is growing while the number of grant dollars is shrinking. Shifting from competing for grant funds to cooperating with other organizations can create substantial value for not-for-profits and the people they serve.

Copyright 2016

As your not-for-profit strives to use its resources as effectively as possible, you might at some point consider outsourcing the functions that fall under your accounting and financial umbrella. But wait: You'll need to weigh the pros and cons before making this important decision.

Copyright 2016

Employer-sponsored plans play an increasingly significant role in retirement planning as individuals worry about the future of Social Security and their ability to finance the kind of retirement they envision. They also help employers attract and retain better employees, cutting the costs of having to find and train new hires.

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