The 21st Century Cures Act, signed into law on December 13, 2016, allows qualifying small employers, including qualifying nonprofit employers, to maintain health reimbursement arrangements (HRAs) for the purpose of reimbursing employees the cost of insurance premiums purchased on their own.
Yearly Archives: 2017
In August 2016, the Financial Accounting Standards Board (FASB) issued ASU 2016-14, Not-for-Profit Entities, with the intent of providing more useful information to donors, grantors, creditors, and other users of not-for-profit (NFP) financial statements.
Charities and nonprofits love to receive donations, but many face challenges when they get noncash contributions, or “gifts in kind.”
There is a German proverb that goes, “He who saves in little things, can be liberal in great ones.”