Most government and nonprofit finance officers, executives, and board members are very familiar with the annual accounting or audit services they receive from their CPA firm (practitioner).
There has-been increased attention given to Other Post-Employment Benefits (OPEB) reporting by standard-setters, elected officials, and government accountants over the past few years.
Every weekend I count on throwing away, recycling, or donating at least 10 items in my house.
In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs as part of their initiative to reduce complexity in the accounting standards.
Is Your Nonprofit Subject to the Employer Shared Responsibility Provisions of the New Health Care Act?
When last we saw the Winter Olympics transpire from Vancouver, British Columbia, Canada, Congress was putting the finishing touches on the 2049 pages of legislation known as the Patient Protection and Affordable Care Act (PPACA) for President Barack Obama to sign into law on March 23, 2010.
Calvin Coolidge, the 30th President of the United States, once said, “The business of America is business.”
The Merriam Webster dictionary defines fraud as “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right.”
By Jonathan Moll, CPA – Keeping your finger on the pulse of emerging issues is critical in managing IRS compliance with exempt organization regulations.
Posted by Jonathan D. Moll, CPA If you’re a nonprofit organization that receives donor-restricted contributions, you might want to think twice about spending those restricted funds for purposes other than what the donor stipulated. An Oklahoma hospital that failed to build a women’s health center in honor of country singer Garth Brooks’ late mother must pay the country singer $1 … Continued
Posted by Christina K. Bell I recently attended the Delaware Association of Nonprofit Agencies (DANA) annual membership meeting. During opening remarks a quickly stated fact caught my attention. DANA’s current membership only represents one-third of the state’s domestic nonprofits, even after membership grew 71% over the past year. I tried to think of why 2 out of 3 nonprofits would choose … Continued